cover image: AFRICAN UNION UNION AFRICAINE UNIÃO AFRICANA UMOJA WA AFRIKA UNIÓN AFRICANA

20.500.12592/261n776

AFRICAN UNION UNION AFRICAINE UNIÃO AFRICANA UMOJA WA AFRIKA UNIÓN AFRICANA

16 Oct 2024

INTRODUCTION As a follow-up to the Recommendations that resulted from the 14th African Union Private Sector Forum that took place in Nairobi, Kenya on 10 to 12 July 2023, whereby African Union member states were required to implement the following strategic actions in order to fast track intra-African trade and investment predicated on the economic integration of continental value chains(baby food. [...] ▪ Member States are encouraged to adopt favourable policies including removing Non-Tariff Barriers, promotion of regional and continental value addition and embrace technology for ease of information asymmetry; and ▪ Ensure we include the African business champions in the African Union economic policy-making agenda within the framework of the purported AU Common Private Sector Forum. [...] Access to energy and finance: Concerning building an enabling business climate thus far, worthy to note, easy, affordable and reliable access to infrastructure (particularly energy) and finance are the two most cited obstacles affecting the business operations in Africa. [...] Increased connectivity would facilitate and grow domestic, regional and international trade, lower the cost of doing business and make African nations more competitive, both within the continent and globally. [...] Furthermore, the lack of an inclusive interoperable payment and remittance system for both businesses and citizens in Africa, makes it extremely difficult to move goods and services in Africa.

Authors

Islam

Pages
5
Published in
Ethiopia

Table of Contents