Local firms urged to tap into AfCFTA
Friday, May 20, 2022 | 990 Views |
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.”
The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...