Investment in Africa’s economic corridors is vital to improving trade efficiency
High transport costs have been an impediment to Africa’s growth and development for far too long
In 2013, on the 50th anniversary of the AU, member states declared a new vision for an “integrated, prosperous and peaceful Africa, driven by its own citizens”. Africa’s challenges would be overcome by Africans, for Africans, drawing on globalised expertise and localised experience. This notion was articulated in “Agenda 2063: The Africa We Want”.
The most significant step towards fulfilling this vision was the signing in 2020 of the African Continental Free Trade Area (AfCFTA) agreement and its commitment to developing and creating extensive trade-related infrastructure, including those related to goods, services and legal instruments such as intellectual property (IP) rights...
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