{"id":140397,"date":"2024-01-18T07:28:16","date_gmt":"2024-01-18T07:28:16","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/18\/afcfta-boss-underscores-the-need-to-revamp-rules-and-regulations-to-support-the-youth\/"},"modified":"2024-01-18T07:28:16","modified_gmt":"2024-01-18T07:28:16","slug":"afcfta-boss-underscores-the-need-to-revamp-rules-and-regulations-to-support-the-youth","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/18\/afcfta-boss-underscores-the-need-to-revamp-rules-and-regulations-to-support-the-youth\/","title":{"rendered":"AfCFTA Boss underscores the need to revamp rules and regulations to support the youth \u2013"},"content":{"rendered":"

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Secretary General of the\u00a0African Continental Free Trade Area (AfCFTA), Wamkele Mene has\u00a0underscored the need to revamp rules and regulations to support the\u00a0youth\u00a0through digital leapfrogging.<\/strong><\/p>\n

The\u00a0AfCFTA\u00a0protocols on Digital Trade, Youth and\u00a0Women, he noted, will transition from aspirations to legally binding actions to that effect.<\/p>\n

He was speaking during one of the sessions of the ongoing 2024 Edition of the World Economic Forum Annual Meetings being held from Tuesday, 16th January, to Friday, 19th January.<\/p>\n

The session\u00a0highlighted the importance of engaging with young people, ensuring their voices are not just heard, but are instrumental in shaping\u00a0Africa\u2018s future.<\/p>\n

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STILL IN\u00a0#DAVOS24<\/a>, AT THE AFRICA COLLECTIVE AND NOVARTIS\u00a0HEALTH\u00a0ROUNDTABLE, H.E.\u00a0@WAMKELE<\/a>\u00a0HIGHLIGHTED PIVOTAL STEPS FOR AFRICA\u2019S\u00a0#HEALTHCARE<\/a>\u00a0ADVANCEMENT. EMPHASIZING THE NEED FOR A HARMONIZED REGULATORY FRAMEWORK, HE CALLED FOR ENHANCED\u00a0#INVESTMENT<\/a>\u00a0IN\u00a0#HEALTHCARE<\/a>, WHICH HE\u2026\u00a0PIC.TWITTER.COM\/PI5RPBF1MG<\/a><\/p>\n

\u2014 AFCFTA SECRETARIAT OFFICIAL (@AFCFTA)\u00a0JANUARY 16, 2024<\/a><\/p>\n<\/blockquote>\n

In his remarks at the Alliance for a Green Revolution in Africa (AGRA) session, Mr Wamkele Mene made remarked regarding Africa\u2019s agricultural landscape.<\/p>\n

Firstly, he said, the continent\u2019s significant food market, with $50 billion in annual imports, is highly fragmented.<\/p>\n

The Russia\/Ukraine crisis highlighted Africa\u2019s overreliance on grain imports, despite having capable grain-producing countries like\u00a0Zimbabwe,\u00a0Ethiopia, and Uganda, he explained.<\/p>\n

\u201cA major hindrance to intra-African trade is the high tariffs on agricultural products,\u201d he stressed.<\/p>\n

He stated that the\u00a0AfCFTA\u00a0Agreement\u00a0seeks to address this by eliminating these tariffs, thereby enhancing intra-continental trade.<\/p>\n

\u201cLastly, digitization presents a transformative opportunity for Africa\u2019s\u00a0agric\u00a0sector, impacting the broader\u00a0economy\u00a0and enhancing overall efficiency and productivity,\u201d he said.<\/p>\n

The World Economic Forum has signed a collaboration agreement with the State of Qatar to establish a\u00a0Centre for the Fourth Industrial Revolution (C4IR) in Qatar.<\/p>\n

A\u00a0Centre for the Fourth Industrial Revolution will also be established in Viet Nam.<\/p>\n

The\u00a0World Economic Forum\u2019s Humanitarian and Resilience Investing (HRI) Initiative\u00a0announced more than 50 commitments, from over 40 partners, to boost impact investment in frontier markets.<\/p>\n

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