Prof. Kingsley Moghalu, Chairman of the Advisory and Executive Boards of the Africa Private Sector Summit (APSS) and a former Deputy Governor, Central Bank of Nigeria (CBN), will deliver the keynote address at the Joint African Continental Free Trade Agreement (AfCFTA) Private Sector Session, with the Africa Private Sector Summit (APSS).
The 3rd Intra-African Trade Fair (IATF 2023) in Cairo, Egypt, features an ecosystem-based session as a key feature.The session will be co-hosted by the Pan-African Chamber of Commerce and Industry (PACCI), Africa Educational Trust Fund (AETF), and the AfCFTA Policy Network (APN).
The Joint AfCFTA Private Sector Session will delve into the Private Sector Bill of Rights (PSBoR) proposal for an Enabling Business Environment in Africa.
The Private Sector Bill of Rights aims to create a conducive business environment in intra-African trade and investment, leveraging protocols from RECs and the AfCFTA treaty.
Africa’s global trade is only 16% regional, while 68% of Europe’s, 59% of Asia’s, and 30% of North American trade is intra-regional.
The AfCFTA, when fully implemented, is projected to increase intra-African trade by 52%, alleviate poverty by 30 million people, and boost the continent’s GDP by USD 450 billion by 2035.
The APSS is collaborating with African leaders, governments, and the Diaspora to develop a proposed Private Sector Bill of Rights, ensuring 24 rights for the private sector.
The rights to peace, security, stability, effective legal systems, harmonized global trade standards, and a healthy consultative relationship between public and private sectors drive trade and investment across Africa.
The Joint AfCFTA Private Sector Session at IATF 2023 will emphasize the importance of an ecosystem approach for enhancing African trade and economic performance.
Prof. Moghalu will address high-level international trade officials, business executives, African diplomats, and political leaders on “The Private Sector Bill of Rights as a Companion Instrument to RECS and AfCFTA”.
South African Secretary-General Wamkele Mene, AfCFTA Director Yusuf Daya, Pan-African Chamber of Commerce and Industry President Ali Adji Mahamat Seid, African Business Council President Amany Asfour, and Pan-African Parliament member El Gabaly are scheduled to deliver goodwill messages.