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Showing posts with label Free Trade in Africa. Show all posts
Showing posts with label Free Trade in Africa. Show all posts

Saturday, November 14, 2015

Professor Calestous Juma: What Africa Can Learn from China about Growing its Agribusiness Sector


The World Bank projects that agriculture and agribusiness in Africa will grow to be a US$1 trillion industry in Africa by 2030. To promote this outcome, the continent must review its incentive structures.

Agriculture averages 24% of GDP across the continent. With post-harvest activities taken into account, agriculture-related industry accounts for nearly half of all economic activity in sub-Saharan Africa.

Friday, June 26, 2015

Calestous Juma from Harvard University: The Benefits of Africa's New Free Trade Area


The creation in June 2015 of a free trade area from Cape Town to Cairo is possibly the most significant event in Africa since the formation of the Organization of African Unity in 1963. 

It is a grand move to merge existing regional organization into a single African Economic Community. The Tripartite Free Trade Area (TFTA) includes the 26 countries that are members of the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC), and Southern African Community (SADC). The TFTA covers a population of 632 million and a combined GDP of $1.3 trillion. The area spans 17.3 million square kilometers, which is nearly twice the size of China or the United States.