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AFRICA: Opportunities for African Economic Integration at New High
Recent Gauteng Business News
The Global African Investment Summit COMESA and Government of Rwanda (TGAIS – COMESA Rwanda) will give leaders a chance to assess the successes of integration and the actions needed.
Regional integration is recognised as a key strategy for development in Africa. The African Development Bank has recently named integration as one of their top five priorities to accelerate economic transformation in the continent.[1]
Moves towards integration, including the landmark Tripartite Free Trade Area (TFTA), mean that Africa’s journey towards a more connected, competitive and business-friendly continent is already well underway. For instance, major infrastructure developments which link people from point of production to consumption are now providing the ground on which to turn political will for integration into practical reality.
Paul Sinclair, TGAIS – COMESA Rwanda organising committee member, comments: “The political will for economic integration in Africa is high, and it creates an unrivalled investment proposition. As investors face uncertainty elsewhere in the world, we need to come together to celebrate the successes so far, and to listen to the priorities of investors and business leaders. As Africa becomes an increasingly important global market, these discussions will create the backbone for Africa’s success.”
The Global African Investment Summit COMESA and Government of Rwanda, taking place on 5th and 6th September, will direct attention to these issues. During the summit, industry leaders will join with government decision makers from various African states to assess the Tripartite Free Trade Area (TFTA), review the progress of regional integration, and unpack the market opportunities for globalisation.
Business News Sector Tags: Africa|