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multilateral trade between Africa and Middle East is an efficient tool in
strengthening the economy of the countries involved. No doubt, the economy of
the world has witnessed a downward spiral in the last few months due to the corona
virus pandemic and a collaborative effort is required for the economy to grow
again.
Considering
the growing population of Africa according to UN projections, Africa’s
population is set to double by 2050 to 2.4billion along with the increase in
unemployment we have to double our effort to improve the economy of the
countries of the continent.
The
new African Continental Free Trade Agreement (AfCFTA) signed by virtually every
African nation is so important because it is geared at creating a more friendly
trading atmosphere for the countries in African which is a great leap in Africa
economic transformation.
One of
the ways Africa can achieve economy transformation is by collaborating with
markets like the Middle East. Therefore, there is need to have an Economic and
Investment forum which will be a meeting point for Africa and Middle East.
Globe
Chamber of Commerce and Industry is working with her partners in the Middle East
to ensure that Middle East / Africa Economic and Investment forum is achieved
soon so as to push the Africa Economy a step further.
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