Answering the Call for Collective Action!
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Harmonizing Efforts in Unleashing Potential as One African Market through the AfCFTA
Harmonizing Efforts in Unleashing Potential as One African Market through the AfCFTA
Renew Capital hosted its signature trade training session, “Free Trade in Africa: What It Means For You,” on Wednesday, May 8, 2024, from 4 p.m. EAT / 3 p.m. CAT, conducted via Zoom. This one-hour session was designed to help participants take advantage of new regional trade arrangements under the African Continental Free Trade Area (AfCFTA). The training covered recent developments in trade liberalization in Africa, the benefits of regional trade, strategies for increasing trade, and tools for facilitating entry into new African markets. Attendees gained insights into developing regional market entry strategies and executing trade plans. Additionally, participants were eligible to apply for customized support for their regional expansion, with no costs for participating.
In the era of the African Continental Free Trade Area Agreement (AfCTA), join us in navigating doing business in and with Africa!
October 4th 2023, Addis Ababa
Mr. Ali Adji Mahamat Seid, President of Chad’s Chamber of Commerce, Industry, Agriculture, Mines, and Handicrafts, and the current President of the Pan African Chamber of Commerce and Industry (PACCI) held a meeting with H.E Moussa Faki Mahamat, Chairperson of the African Union Commission, in his office. Also in attendance were H.E Amb. Albert M. Muchanga, Commissioner for Economic Development, Trade, Tourism, Industry and Minerals (ETTIM), African Union Commission, Prof Mohamed El Hacen Lebatt, African Union Commission Chief of Staff, and Mr. Kebour Ghenna, Executive Director of PACCI.
H.E Moussa Faki congratulated the newly elected President of PACCI and highlighted the opportunity presented by the African Continental Free Trade Area (AfCFTA) for businesses to create long-term prosperity through innovative and sustainable business models, products, and services. H.E Moussa Faki expressed the AU’s commitment to establishing mechanisms for close collaboration with PACCI, aiming to involve PACCI in all trade-related AU activities, with the goal of making chambers a fundamental component of business representation within the AU.
Engaging Businesses
Creating Pathways to Growth: Our commitment to businesses is woven into every facet of our approach. By aligning programs and services, we aim to offer clear pathways for businesses to navigate challenges, access opportunities, and thrive in the intricate tapestry of the Pan-African marketplace.
Empowering Chambers
Strengthening the Network: Chambers, as the backbone of our organizational fabric, find support and reinforcement in our strategic initiatives. PACCI’s commitment to empowering chambers extends beyond collaboration—it’s a shared journey toward enhancing capabilities, expanding networks, and collectively driving economic progress across borders.
Influencing Policy
Shaping the Future Landscape: PACCI’s strategic pillars serve as a guidepost for policymakers, offering a comprehensive framework that contributes to shaping policies favoring continental economic integration. By assessing current programs, we ensure that our public policy endeavors align seamlessly with the broader vision of a harmonized African economic community.
In the pursuit of our overarching goal to foster a united and thriving African business landscape, PACCI’s canvas for collaboration serves as the foundational bridge that connects our diverse stakeholders—businesses, chambers, policymakers, development partners, and civil society.
Creating Pathways to Growth: For businesses, our strategic pillars are the roadmap to sustainable success. By aligning programs and services, we aim to offer clear pathways for businesses to navigate challenges, access opportunities, and thrive in the intricate tapestry of the Pan-African marketplace.
Strengthening the Network: Chambers, as the backbone of our organizational fabric, find support and reinforcement in our strategic initiatives. PACCI’s commitment to empowering chambers extends beyond collaboration—it’s a shared journey toward enhancing capabilities, expanding networks, and collectively driving economic progress across borders.
Shaping the Future Landscape: PACCI’s strategic pillars serve as a guidepost for policymakers, offering a comprehensive framework that contributes to shaping policies favoring continental economic integration. By assessing current programs, we ensure that our public policy endeavors align seamlessly with the broader vision of a harmonized African economic community.
Projects and initiatives that advance intra-African trade, namely the implementation of the AfCFTA, job creation, investment, and economic growth priorities of African countries.
PACCI plans to deliver real-time connectivity to every chamber of commerce in Africa where business, consultants, media professionals can engage with each other and undertake digital trade to boost Intra-Africa trade.
Promote an enabling business environment by identifying current business environment strengths and opportunities, gaining and sharing access to business information held by both public and private bodies.
Support the development of gender-responsive policies and programs for business development and investment
including access to finance and new technologies.
Focus is provided to increase greater awareness of small and medium-sized enterprises (SMEs), which constitute over 90% of Africa’s market, of the need to address environmental, social, and governance (ESG) issues, including gender diversity and equity.