Africa: AfCFTA Will Rebuild Economies and Foster Resilience – Kagame

Collaborative action in the implementation of the African Continental Free Trade Area will support rebuilding of African economies following disruption by the Covid-19 pandemic and strengthen resilience to future shocks, President Paul Kagame has said.

Kagame made the remarks while speaking at the Virtual AfCFTA Business Forum on Friday 4th December 2020.

The summit was held as the continent prepares to commence trading under the new regime in January 2021 following postponement of the previous launch date, July 2020 as a result of the Covid-19 pandemic.

The President noted that the successful implementation of AfCFTA has become more important than before and will play a role driving recovery and resilience.

Intra-Africa trading will be beneficial as it will help build the capacity to compete internationally, he added.

“The Covid pandemic has delayed the start of trading, but we must stay on course. This collaborative action is now more important than ever, to rebuild our economies and strengthen Africa’s resilience to future shocks. So let’s get on with it. Doing more business with each other will be mutually beneficial for our countries, and it will also help us build the capacity to compete internationally,” the President said.

He called for the private sector’s involvement and urged countries to ensure that the adequate framework was in place for the successful implementation of the pact.

CFTA, he noted, requires involvement of all aspects of society including the youth and requires continuous communication of its benefits.