AfCFTA pivotal in supporting post-pandemic recovery: CEOART

Pan African institution for CEOs, bankers, investors, board chairpersons and entrepreneurs, CEO Africa Roundtable (CEOART) will hold deliberations on the key takeaways of the African Continental Free Trade Area (AfCFTA).

The discussions around the trade pact are going to be fronted by Commissioner for Trade and Industry of the African Union Commission Ambassador Albert Muchanga at the CEO Roundtable 2021  which will take place in Victoria Falls from the 27th to 29th of October 2021.

Speaking at the CEO Africa Annual Roundtable and Awards Press Briefing, CEOART Chairman Oswell Binh said Zimbabwe does not operate in isolation in the world of business; hence, it needs to reinforce the regional AFCFTA pact as it looks forward to supplying goods and services required in the region for its export-led industrialisation drive.

“AfCFTA would be pivotal in supporting the post-pandemic recovery (if we are going to have one) period and foster economic growth in sub-Saharan Africa by creating larger and more integrated markets and promoting intercontinental trade,” Binha said.

The AfCFTA is envisaged to provide great opportunities for trading opportunities for trading enterprises, businesses and consumers across Africa as well as the chance to support sustainable development on the continent.

“By facilitating a discussion on AfCFTA, CEOART aims to create a lasting impact in the Zimbabwean business and improve people’s livelihoods in the country.

“As we chart the recovery curve, build momentum, crash barriers and create Impact, discussions on AFCFTA is critical,” Binha said.

The World Bank predicts that the trade pact could boost regional income by 7% or US450 billion, speed up wage growth for women and youth and lift 30 million people out of extreme poverty by 2035 if implemented well

 

 

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