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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Thursday, November 24, 2022, discussions took place in the Nigerian capital on the industrialization of the African continent. These discussions focused on the opportunities offered by the African Intercontinental Free Trade Area (ZLECAF) for the industrialization of Africa.
Several Ministers from the African continent responded to Niamey's call in addition to experts from national institutions such as the Economic Commission for Africa and the African Union. On this occasion, there is the presence of Ministers from several countries including Morocco, Congo and Togo. In fact, many African countries have already adopted their national ZLECAF strategy. Economic integration that should increase trade between African countries by 40%.
The ZLECAF aims to accelerate the structural transformation of African economies through a market of over one billion consumers. Dr. Stephen Kasingi of the ECA announced that “the implementation of the ZLECAF will solve the inter-African trade problem. And this will create numerous jobs across the industries that are going to be born.” The various interventions all focused on the need or even the urgency for Africa to move towards industrialization during the panel which was chaired by the former Nigerian Prime Minister Dr. Ibrahim Assane Mayaki.
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