Africa's infrastructure gap must be addressed to attract green investments and boost trade through the AfCFTA, says Antonio Pedro of the Economic Commission for Africa.
Nigeria and Africa must promote supportive policies and infrastructure development to attract green investments and boost trade through the African Continental Free Trade Area , the Acting Executive Secretary of the Economic Commission for Africa, Antonio Pedro, has said.
Pedro decried the lack of policy space to pursue the structural transformation agenda in Africa, saying, “It is not because of the lack of blueprints.” He called on African countries to support the implementation of the AfCFTA with “harmonised continental, regional and national trade and industrial policies that will help move from ideas into action”.
“We need to invest in science, technology and innovation to stay competitive in the long run and build Regional Value Chains that can generate more value added to increase the market share of African businesses,” he said, adding that Africa can leverage its natural resources to create sustainable regional value chains such as the battery and electric vehicles value chain in the Democratic Republic of Congo and Zambia.
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