Unlocking Economic Potential in the DRC through the BEV Initiative
The BEV Initiative in the Democratic Republic of Congo (DRC) aims to harness the potential of the African Continental Free Trade Area (AfCFTA) by focusing on the electric vehicle industry, battery production, and renewable energy. Supported by various partners, including the Economic Commission for
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Unlocking Africa's Economic Potential through the African Continental Free Trade Area
The African Continental Free Trade Area (AfCFTA) aims to consolidate Africa's fragmented market, with 22 countries having populations below 10 million. By eliminating barriers, AfCFTA creates a $2.3 trillion market of 1.3 billion people, fostering market opportunities, scaling economies, improved co
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Advancing the African Continental Free Trade Area: Opportunities and Challenges
The African Continental Free Trade Area aims to consolidate a fragmented market, capitalize on Africa's market growth, and diversify Africa's exports. With the potential to create a $2.3 trillion market of 1.3 billion people, the AfCFTA is poised to improve competition, lower business costs, and fos
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Assessment of Progress on Regional Integration in Africa: Key Messages and Recommendations
Regional integration in Africa remains vital for economic transformation, with progress and challenges highlighted in a technical report. The African Continental Free Trade Area (AfCFTA) is a significant milestone for boosting trade and market integration on the continent. Efforts are needed to addr
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AfCFTA: Ratification Agreement & Trade Strategies
In November 2018, the Agreement establishing the AfCFTA Select Committee on Trade and International Relations was ratified, outlining potential threats, mitigation strategies, implementation steps, stakeholder consultations, and the strategic importance of the AfCFTA to South Africa. The presentatio
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Progress Report on Regional Integration in Africa
The document presents an assessment of progress on regional integration in Africa, highlighting challenges and achievements in advancing integration agendas. It emphasizes the importance of regional integration, particularly in the context of the AfCFTA, to foster economic transformation and resilie
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Regional Integration in Africa: Current Status and Challenges
This comprehensive overview discusses the state of regional integration in Africa, focusing on the Regional Economic Communities (RECs), the Africa Continental Free Trade Area (AfCFTA), trade intensity indices, and the balance between depth and breadth in building the RECs. Challenges and prospects
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Africa Regional Integration Index Report 2019 Summary
The Africa Regional Integration Index Report 2019 presented at the Conference of Ministers in Marrakech, Morocco, highlights the framework, dimensions, indicators, and progress on regional integration in Africa. It focuses on aspects such as free movement of people, trade integration, infrastructura
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Report on the Vienna Programme of Action for Landlocked Developing Countries (2014-2024)
Africa, home to 16 of the world's 32 landlocked developing countries, faces challenges from COVID-19 and the Ukraine war, impacting food security and inflation. The report highlights the economic growth projections, key themes for African LLDCs, expected inflation rates, progress in vaccination and
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Progress on Subregional Development Activities in West Africa
Achievements in the second quarter of 2020 for subregional development initiatives in West Africa include ratification of AfCFTA, completion of strategic documents, progress on poverty reduction, and engagement in policy briefs and consultations to accelerate development goals. COVID-19 response pla
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Follow-Up Report on ECA's Actions on COE Resolutions Post CoM 2022
Follow-up report by Said Adejumobi, Director at ECA, outlines progress on resolutions adopted during CoM 2022. Actions include supporting African vaccine manufacturing, aiding LDCs, boosting transport investment for AfCFTA benefits, cultural programs, digital transformation importance, financing dev
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