Softening borders in Africa
CNBC Africa’s Kenneth Igbomor spoke to Nomsa Dube-Ncube, Premier of the Kwazulu-Natal about the importance of fostering expertise and economic cooperation across African borders.
Tue, 18 Jun 2024 11:47:13 GMT
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AI Generated Summary
- Promoting intra-African trade and knowledge-sharing is crucial for shared prosperity in Africa.
- South Africa is committed to easing business operations by reducing tariffs and streamlining regulations.
- African nations must empower themselves economically and capitalize on their abundant resources to drive growth and development.
In a recent conversation at the Afriksenbank annual meeting, CNBC Africa's Kenneth Igbomor sat down with Nomsa Dube-Ncube, the Premier of Kwazulu-Natal, to discuss the significance of fostering expertise and economic collaboration across African borders. The Premier emphasized the critical nature of creating deliberate plans for trade and knowledge-sharing among African nations and the diaspora worldwide.
Dube-Ncube highlighted the importance of the African Continental Free Trade Area (AfCFTA) in promoting intra-African trade. She pointed out that despite the wealth of resources and talent in Africa, there is a missed opportunity in not manufacturing and trading finished goods among African nations. With a focus on softening borders, reducing tariffs, and streamlining regulations, South Africa is committed to facilitating easier business operations within the continent.
The Premier stressed that it is time for Africa to empower itself economically and seize the opportunities available by leveraging its abundant resources. She called for collective action to move beyond the outdated stereotypes of Africa as a continent plagued by conflict and poverty, emphasizing the stability and potential for growth that exists today.
Reflecting on the discussions at the meeting, Dube-Ncube underscored the importance of networking and building institutions that truly represent African interests. She urged the continent to take ownership of its identity, including currency systems and cultural heritage, and work towards a legacy that benefits future generations.
As the symposium provided a platform for dialogue and collaboration, the Premier emphasized the need for tangible outcomes and progress, cautioning against the repetition of unfulfilled promises from past conferences. She called for a proactive approach to monitoring and evaluating the implementation of shared goals and ensuring that meaningful advancements are made towards a more prosperous African continent.
In conclusion, the conversation highlighted the urgent need for African nations to unite, collaborate, and actively pursue economic growth and development hand in hand. The symposium served as a catalyst for renewed dedication to building bridges, both figuratively and economically, across the diverse landscape of Africa.