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Africa missing out on global trade opportunities

Holding promise: The AfCTA is seen as key in unlocking the continent’s industrialisation through trade PIC: WWW.AU-AfCTA.ORG
Holding promise: The AfCTA is seen as key in unlocking the continent’s industrialisation through trade PIC: WWW.AU-AfCTA.ORG

The conversations lately among global economies have been around the current trade wars, the rising cost of living, and the inadequate supply of essentials in the Consumer Price Index (CPI) basket that has led to rising inflation within both developed economies as well as developing economies.

Whilst the bigger economies are putting in place measures to remedy living conditions and boost trade among themselves, Africa seems to be a bit slow in executing its agenda and paramount to this have been issues around corruption and governance.

We need to come to acknowledge how global trade has lifted many countries and their people from poverty, through job creation, industrialisation of sectors and services, and ease of access to affordable products.

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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