McKorley: Africa needs to control its trade movements

Daniel McKorley, the Executive Chairman of McDan Group of Companies, recently emphasized the importance of African countries enhancing their trade relationships to achieve desired growth. In an exclusive interview with CNBC Africa's Kenneth Igbomor, McKorley highlighted the need for increased connectivity among African nations to drive economic development and create opportunities for the continent. McKorley stressed that Africa needs to take control of its trade movements and foster stronger partnerships within the region. He pointed out that improving infrastructure, streamlining trade processes, and promoting intra-African trade are crucial steps towards sustainable growth. One of the key challenges facing African countries is the lack of efficient transportation networks and trade barriers, which hinder the seamless flow of goods and services across borders. McKorley emphasized the importance of investing in infrastructure projects to enhance connectivity and facilitate trade within the continent. Furthermore, McKorley highlighted the potential benefits of increasing intra-African trade, such as job creation, economic diversification, and overall development. By promoting trade among African nations, countries can harness their collective resources and leverage each other's strengths to drive growth and competitiveness. In conclusion, McKorley called for a collaborative effort among African countries to prioritize trade connections and remove barriers that impede economic progress. He emphasized the need for strategic initiatives and policy reforms to create a conducive environment for trade and investment, ultimately paving the way for a more prosperous and interconnected Africa.