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Africa looks to boost growth and jobs with free-trade area

02 December 2016
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Lowering barriers and tariffs will stimulate the continent’s economies, say leaders

Six years ago it took almost three weeks for a shipping container to travel the 1,100km from the Kenyan port of Mombasa to Kampala, the Ugandan capital. While poor infrastructure did not help, the delays were largely down to the myriad layers of red tape between the two countries. Now that journey is regularly done is seven days. 

The CFTA is a “must-do thing”, says Nana Dankawoso, president of the Pan African Chamber of Commerce and Industry. “We’re going well in the global markets but the challenge is to trade among ourselves,” he says. Mr Matsaert estimates that reducing trade barriers, let alone eliminating them, would lift Africa’s growth rate by 1-2 per cent a year, creating millions of much-needed jobs.

But securing a deal is going to be far from easy, despite the political will from the heads of state. Analysts say examples of barriers include high tariffs in countries such as Nigeria that are hindering integration in the Economic Community of west African States (Ecowas), nations’ nationalistic traits, and Tanzania’s refusal to join EAC partners in signing an economic partnership with the EU. 

African countries are also at very different stages of development, with per-capita gross national income ranging from under $300 in Burundi to $16,000 in the Seychelles. 

Mr Dankawoso accepts it will not be easy. “We have to do it bit by bit and in our own way instead of copying others,” he says. “This will give everyone ownership of it and ensure we don’t lose control.” 

Some analysts and businesspeople, however, are cautioning against starting the negotiations from scratch, but instead want leaders using the structures of the regional groups as a foundation for a pan-African deal.

All the ministers attending the conference were in favour of the CFTA and say they are keeping an open mind about how it should be achieved. As Okechukwu Enelamah, Nigeria’s trade minister, says: “For those of us that are realistic, we know that this journey is going to take a long while to get tangible benefits.” ...Read More

  • ATIGS 2018

    ATIGS 2018

    The Pan African Chamber of Commerce and Industry (PACCI) is very pleased to announce our participation as Supporting Organization of the 2018 edition of the Africa Trade & Investment Global Summit (ATIGS).

    The 2018 edition of Africa Trade & Investment Global Summit (ATIGS) is scheduled to be held on June 24-26, 2018 in Washington D.C. ATIGS is a unique high-level conference and trade show, prestigious, biennial business platform designed specifically to promote and facilitate international trade and foreign direct investment in Africa, with attendance projection of over 2,000 participants from more than 70 countries for a three day of networking, markets knowledge sharing, marketing & matchmaking, B2B, G2B, G2G meetings & deal making.

    The event will see the participation of more than 150 speakers, over 160 exhibitors, high-level government delegations, project developers, business leaders, trade promotional organizations (TPOs) and investment promotion agencies (IPAs) from various African countries, and over 350 global investors including pension funds, sovereign wealth funds, private equity and asset management firms. 

    Unlike most talk-shop conferences focused on Africa, ATIGS moves beyond that instead focus on providing first hand face-to-face access to African markets at a one-stop shop by featuring African countries pavilions inside hall one representative companies sourcing for international partners & investments, and government agencies (TPO’s & IPA’s) showcasing the wide range of trade and investment opportunities that are available in their respective countries to connect with companies worldwide looking to expand or establish their business operations in Africa, and global investors with interests in Africa. There will also be Middle East, Europe, U.S.A, Canada, and Asia exhibition/pavilions representing companies & government agencies with interests to engage with Africa.

    For more information and to register follow the link below.

     http://atigs2018.com/eventbrite/

  • SISAB Portugal 2018

    SISAB Portugal 2018

    SISAB Portugal 2018

    Travel with PACCI to Lisbon, Portugal!

    February 12 - 14, 2018,SET – SPAZIO EVENTI TIRSO

    International Trade Fair for Portuguese Food & Beverage, Logistics and Complementary Sectors Lisbon Portugal

     

    The Pan African Chamber of Commerce and Industry (PACCI) in collaboration with Mundiventos Ltd. invites you to the 23rd edition of SISAB Portugal 2018 from February 12 – 14, 2018 in Lisbon, Portugal. SISAB 2018 is a two days international trade fair where leading Portuguese export companies and entrepreneurs in the food and beverage industry meet. The 23rd edition of SISAB PORTUGAL 2018 – International Trade Fair for Portuguese Food and Beverage – will be held at Meo Arena in Lisbon, Portugal. This is the biggest show of prestigious and high quality products and brands to international market with some 500 Portuguese exhibiting companies of 28 sectors such as Wines, Alcoholic and Non-Alcoholic Beverages, Fish and Seafood, Meat, Dairy, Confectionery, Fruits & Vegetables, Biological products, among others. Also, additional areas are offered to non-food and beverage suppliers such as Crockery, Cutlery, Plastic and utensils, Logistics, Transport, so as to complete your experience at the trade show.

    REGISTER BY MONDAY, JANUARY 15, 2018

    SISAB Portugal 2018 features:

    • more than 500 National companies from 28 Sectors
    • more than 6,000 Brands and Products
    • more than 16,000 Labels and Packaging solutions
    • more than 1,700 International Buyers from 110 Countries
    • 450 States and Regions

     

    PACKAGE 1
:

    800 EUR PER PERSON:

    • 3 nights accommodation in a single room at 5-Star hotel
    • 3 Lunches and 2 Dinners
    • 3 Days Entrance to the Event

    Not Included In price

    • Airport Transfe
    • Airfair
    • Visa Application Fee

    PACKAGE 2:

    600 EUR PER PERSON:

    • 3 nights accommodation in a single room at 4-Star hotel
    • 3 Lunches and 2 Dinners
    • 3 Days Entrance to the Event

    Not Included In price

    • Airport Transfe
    • Airfair
    • Visa Application Fee

    This offer has expired!
     

     

    General Information Note- EN

    General Information Note- FR

    Event Registration Form

     

     

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The Pan African Chamber of Commerce and Industry was established in 2009 by 35 founding national business chambers to influence government policy and create a better operating environment for business.

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