Tag: Africa Union
This time last year Africa was celebrating the milestone that free trade on the continent would soon be a reality. Prior to Covid-19, the free trade Africa deal was due to be implemented on the 1st of July. Africa Day this year is, however, less joyful as the continent grapples with the prospect of deep recession and in some parts, depression with the coronavirus health crisis fast muted into an economic and financial one. Joining CNBC Africa to discuss Africa’s prospects in 2020 is Alexander Forbes Chief Economist, Isaah Mhlanga and Head of Strategic Slients, Lesiba Mothata.
South Africa's President Cyril Ramaphosa, in his capacity as AU chair, recently chaired a virtual summit of the continental block in light of developments around COVID-19.
Africa's expanding population and strong economic growth could translate into especially high returns for investors, but Western countries are losing ground to China, Professor Landry Signé warns.
The policy should provide a roadmap for states, regional economic communities and regional institutions to regulate the impact of business activities on people.