The Charter on Private Sector Development, Rights andProtection Environment in Africa the Private Sector Bill of Rights (PSBoR) for an Enabling Business Environment in Africa identifies the Private sector as a critical driver in the implementation of the AfCFTA. Working with Regional Economic Communities (RECs) and strategic partners alongside economic actors, contributes towards creating a conducive environment for businesses to thrive under the AfCFTA Agreement.

Following legal and socio-economic analysis of relevant laws and literature, the Consultant has produced an initial report detailing the minimum conditions necessary for the private sector in African countries to function optimally and contribute to the implementation of AfCFTA. The report will be the Model Bill of Rights for an Enabling Business Environment in Africa to Enhance Implementation of AfCFTA. Please find below a full version of the report.

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The campaign aims to enable the vetting, validation, and adoption of the 24 rights within the proposed PSBoR. The rights encompass various aspects, including peace, security, stability, effective legal systems, harmonized quality assurance standards, and a robust consultative relationship between the public and private sectors. The AfCTFA Secretariat is committed to supporting the private sector and therefore brings the PSBoR into mainstream African economic integration discussions, by leading the Africa Private Sector Summit (APSS) Ecosystem-based intervention.

In a bid to work in close partnership with the private sector, the African Continental Free Trade Area(AfCFTA) Secretariat hosted a Private Sector Session in collaboration with Africa Private Sector Summit (APSS), which led an Ecosystem based side event at the just concluded Intra-African Trade Fair [IATF]2023 in Cairo. Other parties in the APSS led ecosystem included the Pan Africa Chamber of Commerce andIndustry (PACCI), AfCFTA Policy Network (APN) and the African Education Trust Fund (AETF).

According to the Secretary-General of the AfCFTA Secretariat, H.E. Wamkele Mene, “the Private Sector is the core pillar for achieving the AfCFTA goals, because the Private Sector creates jobs, fosters innovation and enables fair competition for business in the continent.” He highlighted that “the PSBoR will be included into the AfCFTA report to the Assembly of Heads of States and Governments of the AU, in February 2024, more so, in the context of the African Union’s 2023 theme of the year of “Acceleration of the AfCFTA Implementation”

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