Sierra Leone Leads Africa in AfCFTA Trade Readiness, President Bio Tells Investors at Davos
Sierra Leone Leads Africa in AfCFTA Trade Readiness, President Bio Tells Investors at Davos
The West African nation has become the first on the continent to complete and officially publish its AfCFTA readiness assessment and commitments—a strategic growth blueprint shaped by its recovery from war and health crises— Julius Maada Bio announced.
Key pillars highlighted by the president at the World Economic Forum event in Davos include:
🟠 Digital Trade: Replacing paper-based systems with digital platforms to streamline customs, cut costs, and help small businesses access continental markets.
🟠 Industrial Capacity: Shifting from raw commodity exports to value addition in agribusiness and light manufacturing, supported by Special Economic Zones.
🟠 Investment Appeal: Using the Readiness Assessment as a transparent "prospectus" to de-risk investments and attract private capital through clear reforms and data-backed projects.
Sierra Leone is treating AfCFTA not just as a trade deal, but as a foundation for shared prosperity, Bio emphasized, declaring the country "open for business" with a clear roadmap for transformation.
In the video, President Bio calls for African nations to tear down the barriers between them
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