Addis Ababa, Ethiopia

AfCFTA can only succeed if protocols are addressed

“The African Continental Free Trade Area (AfCFTA) will only succeed if the Regional Economic Commissions (RECs) and AfCFTA protocols are addressed,” according to Mr. J Wendell Addy, the Chairperson for the Africa Private Sector Summit (APSS). Mr Addy made these remarks at a press conference to end the four days APSS summit held in Accra.

The Summit was held with the theme of “Awakening Africa’s Sleeping Giants in Implementation of RECs and AfCFTA – Leveraging Strategic Opportunities for Africa’s Turnaround.” It was to provide a high-level platform for industry giants, policy makers, the public sector, entrepreneurs and CEO across the continent of Africa to deliberate on topical issues.

The Chairperson said if the Continent truly wanted AfCFTA to succeed then the business community must have an engaging environment. “They should engage in areas like infrastructural development on the Continent and the issue of common currency,” he added. Mr Addy explained that the issue of common currency should now move from been a political game to a Continental game, where the game must be won by the Continent.

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