Integration of Africa into GVCs: must develop street networks and improve logistics methods (MEDays 2023)

by times news cr

2024-05-25 09:57:07

Throughout this panel held below the theme “Transport and logistics: The vectors of progress and emergence of Africa”, the audio system indicated that the present state of affairs of African street networks constitutes an actual impediment to business and financial exchanges. inter-African relations and likewise the opening of the continent to the world economic system.

Panelists additionally reviewed ideas on ranges of connectivity between African nations, enterprise networking, funding attractiveness and transport resilience methods.

On this regard, the Minister of International Affairs of the Republic of Hungary, Péter Szijjártó, affirmed that the hole between developed and growing nations can solely be overcome in a really lengthy time period, therefore the The significance of worldwide political debate on the premise of mutual respect and international connections and connectivity, notably by way of maritime or air routes, to advertise international cooperation instead of blocks and disparities.

“Infrastructure growth is the primary and completely obligatory step in direction of the financial growth of Africa,” he mentioned, noting that Africa’s inhabitants is rising quickly, which hampers the socio-economic growth of the continent. and fuels the problem of mass migration.

“Investing within the economic system means investing first in infrastructure in Africa,” argued the minister, including that if nations are usually not bodily interconnected, this will hurt their business actions and make the connection between nations very sophisticated communities on all ranges.

For his half, Abdoulaye Baldé, Minister of State, Director Basic of the Company for the Promotion of Investments and Main Works (APIX) of the Republic of Senegal, affirmed that infrastructure is at present on the coronary heart of the insurance policies of growth, specifying that methods to strengthen connectivity between the South and the North are primarily based on the institution of connection factors which permit extra fluid mobility between African nations.

The event of highways, the rehabilitation of railway networks, the relocation of infrastructure to landlocked areas, represent the important thing parts of enhancing accessibility to African markets, indicated Mr. Baldé, noting that public-private partnerships (PPT) can represent an efficient response to the challenges of infrastructure growth that are primarily linked to public financing, in addition to peace and political stability within the area.

For his half, the chairman of the board of administrators of Sequence ventures, affirmed that technological improvements of firms can play an essential function in strengthening logistics networks, particularly since Africa is characterised by an abundance of skills .

Expertise, he continued, will make it doable to beat a number of challenges, specifically by way of the dematerialization of administrative procedures and the event of e-commerce, along with air connections and the institution of an African visa which might represent a response. to the issue of connectivity between African nations.

On this sense, the president of the French Council of Buyers in Africa (CIAN), Etienne Giros, highlighted the challenges to be taken up for higher logistics efficiency, specifically the opening up of nations which do not need entry to the ocean, together with Niger, which doubles its inhabitants each 20 years, infrastructure which is a prerequisite for logistics, the digitalization of administrative procedures which represent an actual constraint for companies, in addition to decarbonization and the discount of polluting emissions.

He additionally thought-about that it’s essential to revitalize competitors which makes it doable to decrease costs and enhance high quality, calling for seizing the chance represented by the African Continental Free Commerce Space (ZLECAF) which can, in line with him, enable to encourage connectivity between markets, decongestion of metropolises, and thus enable African markets to welcome massive investments.

The fifteenth version of the MEDays Worldwide Discussion board, organized below the Excessive Patronage of HM the King, brings collectively greater than 200 very high-level audio system, together with heads of state and authorities, political decision-makers, heads of enormous worldwide firms and main worldwide personalities, round greater than 5,000 members, coming from greater than 100 nations.

2024-05-25 09:57:07

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