Private sector key to building pan-African value chains
Africa’s private sector stands at opportune moment with a 1.4 billion population, this presents a competitive advantage for the 3.5 trillion-dollar economy. CNBC Africa’s Aby Agina had an exclusive interview with KEPSA Chairman, Jaswinder Bedi on why it will be critical for countries to build Pan-African supply chains to deepen trade.
Wed, 04 Dec 2024 16:35:21 GMT
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AI Generated Summary
- Africa's private sector holds a competitive edge with a sizable population and a growing economy, highlighting the need for Pan-African supply chains to deepen trade within the continent.
- The conversation emphasized the importance of regional collaboration and a shift from competition to cooperation among African nations to leverage each other's strengths effectively.
- Recent trade discussions with the United States and impending trade policy changes underscore the strategic role of Africa's private sector in navigating evolving global trade dynamics and fostering economic resilience.
Africa's private sector is standing at a pivotal moment with a population of 1.4 billion, presenting a competitive advantage for the $3.5 trillion-dollar economy. CNBC Africa's Aby Agina recently conducted an exclusive interview with KEPSA Chairman, Jaswinder Bedi, shedding light on why it is imperative for countries to establish Pan-African supply chains to enhance trade relationships. The discussion delved into the evolving global trade landscape, the significance of regional collaboration, and the potential impact of trade agreements on Africa's economic future. Bedi emphasized the need for African nations to shift from a competitive mindset to one of cooperation, collaboration, and complementarity to harness each other's strengths effectively. Furthermore, he reflected on recent trade discussions with the United States and the implications of changing trade policies under new leadership. As the world braces for potential tariff wars and geopolitical shifts, Africa's private sector emerges as a key player in shaping regional trade dynamics and driving economic growth.
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