As the EU struggles with Brexit, the African Union is working towards a more integrated continent.
Despite the glaring challenges of unifying a multifaceted continent, the AU is hopeful that African leaders will become more open to the idea of a free trade area and unifying passport.
But how achievable is a ‘United States of Africa?’
Full story via the link on our profile
#AfricanUnion#PanAfricanism#United StatesofAfrica #AfCFTA#AfricanUnionPassport ...
Part of my interview with @cnbcafrica during the 52nd the UNECA Conference of Ministers, side session on "#Youth Inclusiveness in Driving the Implementation #AfCFTA through Digital Innovation" organized by @yaldafrica
Nigeria is set to sign Africa’s largest trade deal -- The Africa Continental Free Trade Agreement.
“Our position is very simple, we support free trade as long as it is fair and conducted on an equitable basis,” Nigeria’s President Muhammadu Buhari said in a statement. ⠀
Tap the link on our profile for the full story ⠀
WEF Africa kicks off this week, delighted to be published for this high-level forum alongside other African thought leaders.
__"Ideally, if implemented properly, the AfCFTA should result in the rise of economic clusters and industrial parks across African countries similar to the flagship Hawassa Industrial Park in Ethiopia. It is expected to generate 60,000 jobs in its first phase; currently, 80% of those employed in the industrial park are women. Based on reports around special economic zones, the link between trade openness and gender was initially established in the early 90s when women were drawn into paid employment in manufacturing in unprecedented numbers in Puerto Rico, Ireland and East Asian countries. In an attempt to tilt towards being export-oriented, these countries promoted light, labour-intensive manufacturing industries such as textiles, clothing, leather and footwear, with women accounting for the larger share of employed labour. Though the wages they earned were considerably lower than their male counterparts, paid employment provided relatively stable access to cash income that otherwise might not have been available in the informal or agriculture sector. Entry into export-oriented manufacturing for women is described as a double-edged sword. The gender wage gap has led to a high demand for female labour in an environment of rising international competition. The onus is on African government officials to ensure that wage payment is gender-neutral, not just in the light manufacturing industry directly correlated to export orientation, but in all sectors of the economy." ________________________
Link to full article is in my bio. Enjoy!
#Buhari signs agreement enlisting #Nigeria in the African Continental Free Trade Area (AfCFTA) at the opening of the 12th Extraordinary Session of the Assembly of African Union Heads of State and Government on #AfCFTA in Niamey, Niger Republic. #AUSummit
Video: @emmanuelanrihi 001 @buharisallau ...