Thursday 06 May, 2021
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Corporate Africa News

How African Economies can Hedge Against COVID-19

By Corporate Africa / in Women And Environment / on Sunday, 24 May 2020 01:09 PM / 0 Comment / 1002 views

Africa will be severely tested by the coronavirus and the continent will need to make rapid changes to operate under the new business environment especially in the areas of technology and fiber broadband to enable workers to adapt to the new working mode. By Ibrahim Assane MayakiCEO of African Union Development Agency NEPAD. 


 

In 2018, 44 countries signed the African Continental Free Trade Area at an extraordinary summit in Kigali. There are now 54 signatories. The agreement will create a tariff-free economic environment to spur business growth, boost intra-continental trade, spark industrialization, and create jobs. To mitigate the economic fallout from COVID-19, African Union member countries and the continent’s institutions should implement the AfCFTA swiftly. Click here to read the full article

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