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Local firms urged to tap into AfCFTA

Reaching out: Ghenna has urged businesses to take advantage of the AfCFTA PIC.KENNEDY RAMOKONE
Reaching out: Ghenna has urged businesses to take advantage of the AfCFTA PIC.KENNEDY RAMOKONE

Local businesses have been urged to take advantage of the African Continental Free Trade Area (AfCFTA) to open themselves up to the opportunities available on the continent.

Pan African Chamber of Commerce and Industry (PACCI) executive director, Kebour Ghenna told a Small Business Exporters conference this week that Africa should find another way of fostering prosperity by building economic solidarity that can become the base for progressive power needed to create a transformed African economy.

“If we don’t get busy making the AfCFTA work and opening back up to the continent, we’ll be left on the outside looking in,” he said. “An AfCFTA that does not embrace solidarity is doomed to fail and fail swiftly. “An AfCFTA that expands inequality and only empowers the rich economies of the world should not be acceptable.”

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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