By Merit Ibe
To on the sidelines of the 41st Ordinary Session of the Executive Council of the African Union, in Lusaka, Zambia, the African Continental Free Trade Area (AfCFTA) and Equity Group signed a memorandum of understanding deepen economic integration of the African continent. The partnership aims to implement AFCFTA and the AfCFTA Private Sector Strategy through the “Africa Recovery and Resilience Plan”, which focuses on accelerating economic recovery and resilience in Africa in a post -COVID-19. The initiative is designed to highlight a frame for the socio-economic transformation of the African continent based on six integrated pillars. He is aiming to catalyze natural resource-based transformation of Africa, the improvement of agriculture production, formalize extractive value chains and connect these primary sectors to global supply chains that are broken and require diversification and secure supply.
When signing, HE Wamkele, Secretary General of the AfCFTA, Secretariat, noted that “the AfCFTA will ensure that the continent is well positioned surpass crises such as COVID-19, building on the framework of the agreement.