Swakop summit highlightsfree African trade
President Netumbo Nandi-Ndaitwah has urged Namibian business leaders to actively familiarise themselves with the Africa Continental Free Trade Area so they can expand and trade beyond the country’s borders. She was addressing the Africa Economic Leadership Council’s Invest in Africa Trade Expo and Business Summit held at Swakopmund from 28 to 30 May. In a speech read on her behalf by minister of international relations and trade Selma Ashipala-Musavyi, the president said with
A recent economic summit in Swakopmund underscored the importance of the Africa Continental Free Trade Area (AfCFTA) for boosting intra-African commerce. Namibian President Netumbo Nandi-Ndaitwah encouraged local businesses to engage with the AfCFTA to facilitate cross-border trade, highlighting the low current rate of trade among African nations. The event, which drew over 200 delegates including policymakers and entrepreneurs, aimed to foster investment and unlock the potential of the AfCFTA for industrial integration and value-chain development across the continent.
The summit's focus on the AfCFTA is crucial for promoting economic self-sufficiency and growth within Africa by encouraging trade and collaboration among member states.
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