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AfCFTA: ESG at the heart of success

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Afcfta News

ESG,Jeanelle Connolly,Solugrowth

The AfCFTA represents an opportunity to formalise and improve ESG reporting on the continent, says Jeanelle Connolly, GBSC transaction and accounting services at SoluGrowth.

Environmental, social and governance impact lies at the heart of the African Continental Free Trade Agreement 's design, aiming to lift 30 million Africans out of extreme poverty.

Accurate data about workforce diversity measures are key and many African countries have local ownership and empowerment requirements that meet international DE&I reporting requirements. Companies must be prepared to make an investment in development of the local community and be patient for that investment to pay dividends.

of countries trading under the AfCFTA’s Guided Trade Initiative . For companies that are considering expansion on the continent, this unprecedented drive for economic growth represents a real opportunity.’s design, aiming to lift 30 million Africans out of extreme poverty and boost the incomes of nearly 68 million others who live on less than USD5.50 a day.

ESG Jeanelle Connolly Solugrowth Environmental Social And Governance African Continental Free Trade Agreement Green Star South Africa Workforce Diversity

 

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