Reimagining the future of the AUC in achieving economic development

The African Union is gearing up to elect a new Chairperson for the Commission as the incumbent Moussa Faki's term draws to an end in February 2025. CNBC Africa had an exclusive interview with Mahamoud Ali Youssouf, the Foreign Affairs Minister for Djibouti. The conversation delved into key issues shaping Africa's future, including trade, infrastructure, regional integration, and peace and security. One of the critical topics discussed was the state of trade in Africa. Despite numerous flagship programs on the continent, intra-Africa trade stands at just about 17 per cent. Minister Youssouf highlighted the importance of infrastructure development in boosting trade and emphasized the role of partnerships, particularly with China, in enhancing connectivity. Djibouti's experience with Chinese investment in ports, railways, and free trade areas served as an example of the impact of infrastructure development on trade facilitation. Regarding the African Union's role in driving trade and integration, Minister Youssouf expressed the need for effective implementation of frameworks like the Continental Free Trade Area (CFTA). He underscored the importance of addressing both customs and non-customs barriers to trade, including peace and security challenges in some regions. The Minister emphasized the significance of regional economic communities in advancing integration, noting varying progress levels across different regions. The discussion further touched on the imperative of regional stability for attracting investments in Africa. Minister Youssouf outlined the African Union's peace and security architecture, including mechanisms like the Peace and Security Council and regional standby forces, in addressing conflicts. Acknowledging ongoing challenges in hotspots like the Horn of Africa, Great Lakes region, and Sahel, the Minister stressed the need for innovative solutions and increased efforts to achieve the goal of 'silencing the guns' by 2030. In summary, Minister Youssouf's insights shed light on the complex interplay of factors influencing Africa's economic development. The interview highlighted the critical role of infrastructure, regional integration, and peace and security in driving the continent's progress. As Africa looks towards a future of increased trade, connectivity, and stability, the leadership of the African Union and its member states will play a pivotal role in shaping the trajectory of the continent's economic growth and development.