https://en.sputniknews.africa/20250312/afcfta-is-blueprint-for-africas-development-african-official-says-1071051372.html
AfCFTA is 'Blueprint' for Africa's Development, African Official Says
AfCFTA is 'Blueprint' for Africa's Development, African Official Says
Sputnik Africa
Established in 1958 by the UN Economic and Social Council, the UN Economic Commission for Africa (ECA) promotes economic cooperation among its 54 African... 12.03.2025, Sputnik Africa
2025-03-12T18:33+0100
2025-03-12T18:33+0100
2025-03-12T18:33+0100
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The African Continental Free Trade Area (AfCFTA) is not merely a continental agreement but also a 'blueprint' for Africa's development and a powerful political platform on which Africans can forge a common position, Antonio Pedro, Deputy Executive Secretary of the UN Economic Commission for Africa (ECA), said at the 57th session of the ECA Conference of African Ministers of Finance, Planning, and Economic Development. He called for the full implementation of the AfCFTA agreement, suggesting that it might be "a game changer." Pedro also urged the implementation of all other protocols key to the AfCFTA, adopted 13 years ago in Addis Ababa. Speaking at the conference, Ethiopia's State Minister of Finance Semereta Sewasew called for accelerated efforts to address Africa's pressing development challenges, stressing the need for improved infrastructure, human capital investment, and regional integration. Semereta cautioned that financial constraints impede Africa's potential, especially in infrastructure, and emphasized the crucial role of education and health. She also noted that conflict, extremism, and trade barriers hinder African integration. Amidst global transitions and declining development assistance, Semereta urged African nations to enhance self-reliance and innovation. The conference is scheduled to take place until March 18.
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economy, africa, addis ababa, ethiopia, east africa, investment, regional integration, finance, finance minister, economic growth, trade, african continental free trade area (afcfta), free trade, free trade agreement, education, health, innovation, development
economy, africa, addis ababa, ethiopia, east africa, investment, regional integration, finance, finance minister, economic growth, trade, african continental free trade area (afcfta), free trade, free trade agreement, education, health, innovation, development
AfCFTA is 'Blueprint' for Africa's Development, African Official Says
Ekaterina Shilova
Writer / Editor
Established in 1958 by the UN Economic and Social Council, the UN Economic Commission for Africa (ECA) promotes economic cooperation among its 54 African member states. Mandated to foster economic and social development, the ECA also works to encourage intra-regional integration and international cooperation for Africa's development.
The African Continental Free Trade Area (AfCFTA) is not merely a continental agreement but also a 'blueprint' for Africa's development and a powerful political platform on which Africans can forge a common position, Antonio Pedro, Deputy Executive Secretary of the
UN Economic Commission for Africa (ECA), said at the 57th session of the ECA Conference of African Ministers of Finance, Planning, and Economic Development.
He called for the full implementation of the AfCFTA agreement, suggesting that it might be "a game changer." Pedro also urged the implementation of all other protocols key to the AfCFTA, adopted 13 years ago in
Addis Ababa.
Speaking at the conference, Ethiopia's State Minister of Finance Semereta Sewasew called for accelerated efforts to address Africa's pressing development challenges, stressing the need for improved infrastructure, human capital
investment, and regional integration.
Semereta cautioned that financial constraints impede Africa's potential, especially in infrastructure, and emphasized the crucial role of education and health. She also noted that conflict, extremism, and trade barriers hinder
African integration.
Amidst global transitions and declining development assistance, Semereta urged African nations to enhance self-reliance and innovation.
The conference is scheduled to take place until March 18.
