Tanzanian president impulse fellow African leaders to hold up intercontinental alliances at the World Economic Forum
During yesterday’s conference at the World Economic Forum, Samia Suluhu Hassan, the president of Tanzania, urged African leaders to embrace collaboration with one another.
The president decided to take advantage of the occasion to promote the often-mentioned but slowly-implemented transcontinental connection within Africa. She proceeded to speak to financiers, development partners, and African leaders about working together to close the continent’s investment gap.
President Suluhu delivered this passionate appeal during a symposium on the African Continental Free Trade Area (AfCFTA), which was held as a part of the ongoing 2023 WEF annual meeting and was attended by AfCFTA stakeholders.
The World Economic Forum (WEF) for 2023 is a five-day gathering that started on Monday in Davos-Klosters, Switzerland. President Samia Hassan’s initiative is not surprising given that her administration was established on a strong foundation of teamwork. She partnered with nations like South Korea, China, Kenya, and the United States last year, among others.
Given that she has made it a priority to actively seek out these alliances for the advancement of Tanzania’s economy, it goes without saying that she is the ideal policymaker on the issue of collaboration.
Tanzania is similarly taking the lead in accelerating the adoption of the unified East African currency and she just signed a deal with Kenya to remove roughly 23 trade restrictions between the two countries.
A report titled “AfCFTA: A New Era for Global Business and Investment in Africa,” which described how public-private partnerships can promote the implementation of the AfCFTA was released during the meeting by President Hassan and other African leaders.
The analysis focused on four vital sectors with a combined market value of $130 billion that offer high-potential investment opportunities in Africa’s automotive, agricultural & agro-processing, pharmaceutical, transport, and logistics industries.