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Related websites
The African Union has joined the G20 – what does it mean?
WEBSep 14, 2023 · The african union (AU) has been made a permanent member of the G20, in a move that has been broadly welcomed for giving the continent an important voice on key global issues. The G20 represents around 85% of global GDP and 75% of global trade, as well as two-thirds of the world’s population, prior to the AU joining.
Weforum.orgThe African Union is on a mission to transform the continent by …
WEBMay 5, 2017 · Just like the European Commission, the Commission of the african union is the AU’s administrative and executive branch. Image: REUTERS/Tiksa Negeri - RTX30YYC Based in Addis Ababa, Ethiopia, the Commission is responsible for developing continent-wide policies in areas such as security, trade and social affairs, and every 10-year plan …
Weforum.orgAfrica is launching AfCFTA, the world’s largest free trade area
WEBSep 6, 2019 · The african union gave assurances this would happen: “We have got a very aggressive programme of trade facilitation, so that we minimize the number of documents that have to be signed for goods and services across borders,” said Albert Mudenda Muchanga, Commissioner for Trade and Industry at the african union Commission.
Weforum.org6 reasons why Africa's new free trade area is a global game changer
WEBFeb 9, 2021 · Enter the African Continental Free Trade Area (AfCFTA). Launched on 1 January, the AfCFTA is an exciting game changer. Currently, Africa accounts for just 2% of global trade. And only 17% of African exports are intra-continental, compared with 59% for Asia and 68% for Europe. The potential for transformation across Africa is therefore …
Weforum.orgThe African Union wants to create its own credit rating agency.
WEBOct 9, 2023 · The african union plans to create a new sovereign credit rating agency that it says could provide more accurate risk assessments for governments across the continent. The proposal for the new agency, the African Credit Rating Agency (ACRA), was outlined in a recent report by the United Nations Economic Commission for Africa, which claimed …
Weforum.orgExtreme poverty in Africa is going to start falling fast | World
WEBApr 13, 2022 · Extreme poverty in Africa has only edged down in recent decades. It affected 46 percent of the population in 1996-2005 and is projected to impact 35 percent in 2016-2025, the african union Development Agency says. However, there is expected to be huge progress to just 1.7 percent in the next 40 years. This is because of improving health and
Weforum.orgHow African Union can boost youth representation in leadership …
WEBMar 6, 2023 · The african union is best-placed to ensure national governments commit to youth representation. The lack of adequate political participation for African youth threatens the fabric of civil society. African youths make up about 60% of the continent’s population, and by 2030, they are expected to make up 42% of the world’s youth population.
Weforum.orgWith Kenya and Rwanda opening borders for other Africans, what …
WEBNov 15, 2023 · The african union has been made a permanent member of the G20 – what does it mean for the continent? African Free Trade Area can herald $12 billion growth for the continent’s automotive industry; Africa's logistics sector set to deliver results as free trade agreement kicks in
Weforum.orgHow Africa's youth will drive global growth - The World Economic …
WEBAug 16, 2023 · To be sure, harnessing this potential will require bold transformative reforms. Under Agenda 2063, the african union’s ambitious blueprint for transforming Africa into the global powerhouse of the future, article six presents a framework for a youth-led development agenda through targeted investments in education, technology and …
Weforum.orgAfrica wants a single digital market for the continent | World …
WEBMar 22, 2023 · The african union aims to build a secured single digital market across the continent by 2030. It believes that improving digital and physical connections by eliminating barriers like broadband coverage gaps and digital illiteracy will allow businesses to reach bigger markets and create jobs. Billions in public-sector investment is needed to
Weforum.org