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6th Prosperity Africa Summary Report

The Prosperity Africa 2024 Conference, held in Addis Ababa, Ethiopia, united over 200 participants from 45+ African and beyond countries, offering a dynamic platform for showcasing innovative products, forming partnerships, and advancing private sector collaboration under the African Continental Free Trade Area (AfCFTA).

Organized by the Pan African Chamber of Commerce and Industry (PACCI) with support from Department of African Union – Economic Development, Trade, Tourism, Industry, Minerals (ETTIM),  AfCFTA Secretariat, UNECA ATPC, UNDP, Afrexim Bank, EU TAF and partners, this transformative event focused on actionable strategies to unlock Africa’s trade and investment potential.

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PACCI’s Mission:

To serve as the voice of business, protecting and advocating for the interests of the business community while providing services that strengthen their capacity to prosper and grow sustainably. PACCI is dedicated to enhancing the continent’s economic integration and fostering a thriving, inclusive business environment across Africa.

Overview of PACCI

  • Ready to Transform Your Business Beyond Borders?

    In the era of the African Continental Free Trade Area Agreement (AfCTA), join us in navigating doing business in and with Africa!

    Organization Profile

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.

Collaborating with Development Partners

Fostering Synergies for Growth: Our initiatives align seamlessly with the goals of development partners dedicated to propelling sustainable economic development in Africa aligned to Agenda 2063 and the SDGs. Through strategic collaborations, we extend the reach and deepen the impact of PACCI’s programs on the continent.

Engaging Civil Society

Amplifying Social Impact: Beyond the realms of business and policy, our pillars create meaningful connections with civil society. Recognizing the significance of societal well-being, we collaboratively work to ensure that our initiatives contribute positively to communities across Africa.

Call to Unity

Building Bridges for Collective Prosperity: As we forge connections and build bridges, we extend an invitation to all stakeholders to join hands in this collective effort. This commitment to unity signifies PACCI’s dedication to fostering a future where the African business ecosystem flourishes, chambers thrive, policies foster prosperity, and development partners and civil society actively contribute to sustainable growth.

Beyond Borders: Empowering Africa’s Future with AfCFTA – Webinar Series

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.

Register Here
 

Ready to Transform Your Business Beyond Borders?

In the era of the African Continental Free Trade Area Agreement (AfCTA), join us in navigating doing business in and with Africa!

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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.

Certified AfCFTA Implementation Capacity Course

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Are you passionate about contributing to the enhancement of cross-border and intra-Africa trade within Africa? The Certification Course on AfCFTA Implementation Capacity was launched October 23rd, 2024.

We invite professionals, business leaders, and trade enthusiasts to take on the self paced 40 hr comprehensive course.

Developed under the ‘Improving the Trade Facilitation Environment (ITFE) in Eastern Africa’ project. This initiative, a collaboration between the Pan-African Chamber of Commerce and Industry (PACCI), Intergovernmental Agency on Development (IGAD), African Development Bank (AfDB) RDGE, and facilitated by the University of Nairobi DEDS , aims to boost technical capacity and knowledge on the AfCFTA.

Highlight

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Kenya will host the WCF Africa Summit 2025 from April 9-11, 2025, at the Kenyatta International Convention Centre (KICC) in Nairobi. This landmark event will convene over 4,500 delegates, including 350 exhibitors, global investors, government officials, and business leaders, to advance Africa’s role in global trade and investment.

” This summit is a defining moment for Africa to assert its role as a global trade leader. It will demonstrate Africa’s readiness to seamlessly integrate into global value chains, leveraging its immense potential. Studies show that deeper integration could boost African trade by $150 billion annually by 2030. By strengthening collaboration between governments, businesses, and chambers of commerce, we aim to drive innovation, enhance trade efficiency, and position Africa as a key player in the global economy,” Dr. Erick Rutto – President KNCCI

Become a member of Africa’s Largest Private Sector Network

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THE LATEST ON PACCI

Focus 2024-2026:

Connecting Stakeholders for Shared Prosperity

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In the pursuit of our overarching goal to foster a united and thriving African business landscape, PACCI’s platform for collaboration serves as the foundational bridge that connects our diverse stakeholders—businesses, chambers, policymakers, development partners, and civil society.

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.

Documents

News Articles

Our Partners

BRIDGING THE GAP

Connecting Stakeholders for Shared Prosperity

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.

Engaging Businesses

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.

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.

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.

Latest from PACCI