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    Reports 231 – Breaking News, Latest Liberia News, Politics News, Education News, Business News…Reports 231 – Breaking News, Latest Liberia News, Politics News, Education News, Business News…
    Home » Opening up Africa for Africans through Visa-free regimes.
    Finance

    Opening up Africa for Africans through Visa-free regimes.

    Godfred Badu QuansahBy Godfred Badu QuansahFebruary 25, 2025No Comments2 Mins Read
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    Monrovia, Liberia – Dr. Joy Kategekwa, Director, Regional Integration Coordination Office, African Development Bank Group has noted that Africa’s economic integration remains incomplete until trade within the continent is significantly strengthened. We need to develop strategies to increase intra-African trade beyond the current 15% level.

    Implementing regulations that encourage value addition in African industrial processes is necessary, she added. Exports of basic materials will be replaced by more value-added sectors like textile and apparel manufacturing, which will drive economic resilience and industrial expansion, the director said.

    In order to improve commercial integration, the continent has strengthened its regional economic communities, she stated. The advantages of intra-African trade will be maximized by strengthening regional collaboration and integrating African businesses into regional and global value chains.

    “It is time to establish frameworks to harmonize and integrate existing trade agreements across Africa. Aligning trade policies, agreements, and regulatory regimes will create a more cohesive and efficient continental trade environment. We must implement non-discriminatory treatment for goods and services across AfCFTA member countries. Ensuring that all goods and services receive equal treatment, regardless of origin, is essential for fair trade and deeper economic integration.”

    Speaking in Ethiopia, Dr. Joy Kategekwa maintained that nations need to reconcile their national legal systems with the criteria of the AfCFTA. Laws that are in line with AfCFTA rules will offer legal protections against discrimination in intellectual property, commerce, and investment, creating a safe business environment.

    “We need to develop infrastructure projects in transport, ICT, and financial systems. AfCFTA’s success depends on strong infrastructure. Member states must commit to domestic reforms and strategic investments to align national systems with treaty obligations.”

    “We must strengthen regional value chains in key sectors such as automobiles and pharmaceuticals. Expanding value chains in industries like lithium-ion batteries, leather, clothing, cocoa, vaccines, and creative industries will drive economic growth and integration across Africa.”

    In order to facilitate the implementation of the AfCFTA,  Dr. Joy Kategekwa maintained that African countries must improve their investment capacities. She continue that the development of ICT, financial, and transportation infrastructure is essential to the success of the AfCFTA. Noting that trade facilitation will be greatly aided by the African Development Bank’s investments in regional infrastructure.

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    Godfred Badu Quansah
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