Strengthening the African economies & cooperation

About this session

Key takeaways

• If you are only interested in getting the conclusion/report click here
• The importance for the strengthening of the African economies to focus on: - Energy - Agriculture & agro industry/system to ensure food security - Healthcare to protect the population & provide them with the needed care - Education to have the right capacity, human resources & skills
• With the Agenda 2063 of the African Union for the industrialization of Africa, we are looking at : - Diversifying the economies as a priority to have more balanced economies - Strengthening the structural transformation so that the weight of the primary sector decreases in favor of the secondary and tertiary sectors. - Ensuring that agricultural products that are exported can be processed & transformed in Africa to be exported - Carry out the structural transformation of the economy through industrialization
• The African Free Trade Area represents a market of around 1.2 billion people; it should bring together the 55 member states of the African Union, and could be considered the largest free trade area in the world by the number of countries involved. Africa would gained everything from this trade area as it will enhance its natural, human and innovative technological potential, and will find a framework for its growth & improvement
• The development of inter-African trade will allow countries to know each other better, to know what is happening in the different countries, and to achieve an optimal exchange. It will help foster the conditions for achieving development, and limit illegal immigration, with employment, security and peace opportunities linked to development progress, if properly supported by politicians and investors