lay a catalytic role in Africa's transformation agenda.

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for more information : Tea Giftstea gifttea gift setsADDIS ABABA, Jan. 28 (Xinhua) -- The African Union (AU) says the mining sector and intra-Africa trade are critical to ensure that trade and industry
play a catalytic role in Africa's transformation agenda.
Speaking to the press on Wednesday at the AU headquarters in Ethiopia's capital Addis Ababa, Fatima Haram
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that the AU heads of states adopted the African Mining Vision (AMV) in February
2009, with a view to making the mining sector more responsive to African
economic and social development needs.
Its goal is the effective management of Africa's natural resources for its development and structural transformation, not just increased revenue, noted the
commissioner.
To implement the Vision Johnny
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establishment of the African Minerals Development Centre (AMDC) to provide
strategic support to AU member states, she said, the centre began implementing
initial activities in September 2013.
With regard to boosting intra-Africa trade and building the continental free trade area, the commissioner stated that AU heads of states launched
negotiations in June 2015 which are expected to be concluded in 2017.
"The establishment of a continent Free Trade Area in particular Nick
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services in Africa of over a billion people and a GDP of over 3 trillion dollars
provides a good reason to invest and partner in Africa," she said.
With the Continental Free Trade Area (CFTA), the continent's gross domestic product (GDP) is estimated to rise from 1.7 trillion U.S. dollars in 2010 to 2.6
trillion dollars in 2020 pushing up consumer spending from 860 billion dollars
in 2010 to 1.4 trillion dollars in 2020.
"The CFTA therefore offers African producers and investors an unique opportunity to benefit from this important market," said the commissioner.
She quoted UN Economic Commission for Africa as it calculates the CFTA to increase intra-African trade by as much
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Posted 30 Aug 2018

Jenefee says
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