Economic Comm for Africa urges tech in trade

The Economic Commission for Africa is calling upon countries across the continent to leverage technology in improving trade and enhancing competitiveness.

On how technology can enhance trade, Pedro cited the launch of the Africa Trade Exchange platform, a business-to-business and business-to-government digital trade platform that facilitates intra-African trade within the context of the AfCFTA as a positive move in the digital era. Also, speaking at the summit, Treasure Maphanga, chief operating officer of the AeTrade Group, and former trade and industrialisation director at the African Union Commission, said digitisation has a catalytic effect through the growth of services, especially in logistics, finance and insurance.

According to Pedro, the package includes financial, technological and capacity-building assistance that developing nations need to reduce their emissions of greenhouse gasses and adapt to the inevitable effects of climate change.

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