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An Action Plan to
ACCELERATE Global
Business and
Investment in
AFRICA Launched:
Un plan de acción integral destinado a acelerar los negocios y la inversión globales en África se ha revelado a través de un Libro blanco Lanzado el 17 de enero de 2024.
The initiative, a collaborative effort between the foro Economico Mundial y los Amigos de la African Continental Free Trade Area (AfCFTA), outlines a visionary plan encompassing goals, initiatives, and commitments from industry leaders across four priority sectors: automotive, agriculture and agro-processing, pharmaceuticals, and transport y logistics. These sectors collectively boast a substantial worth of $130 billion.
The dynamic changes occurring in Africa are increasingly driven by regional integration, further propelled by the Zona de Libre Comercio AfCFTA — an initiative representing a single market for 1.7 billion people and an estimated $6.7 trillion in consumer and business spending by the year 2030. The full implementation of the Zona de Libre Comercio AfCFTA agreement is anticipated to result in a 7% increase in real incomes, equivalent to nearly $450 billion.
The action plan highlights various projects, including the mobilization of financing to enhance infrastructure within the transport and logistics sector, the advancement and adoption of green technologies in the automotive sector, initiatives to localize more components of the agriculture value chain within the continent, and commitments from pharmaceutical companies spanning workforce, innovation, finance, policy, y inclusivity.
Collectively, these ambitious commitments from prominent companies operating in Africa send a strong signal to potential investors, indicating that investing in Africa holds the promise of a future characterized by boundless innovation and inclusive prosperity for the continent.
Download Paper: https://www.weforum.org/publications/an-action-plan-to-accelerate-global-business-and-investment-in-africa/
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