Infrastructure Essential for Africa Continental Free Trade Area (AfCFTA) Economic Integration

February 5, 2024

Image: courtesy of tanzaniainvest.com

The two articles combined, (see below) by PD Lawton, (africanagenda.net), provide a clear conception of how Africa will increase its economic integration through the expansion of regional railway systems. Massive expansion Infrastructure, such as rail, road, water, and especially electricity, is the only way Africa will realize the goals of Africa Continental Free Trade Area (AfCFTA).

The interview with the Director General of Tanzania Railway Corporation, (watch below) is an exciting overview of Tanzania’s commitment to regional economic growth by investing in new railroads, such as the Central Corridor Tanzania SGR.

At the Durban launch President Ramaphosa spoke of the days of Africa being the raw materials market for the global North were over. It is time for the world to meet Made in Africa.

President Cyril Ramaphosa officiated the launch of South Africa’s first shipment under the preferential trading agreement of the African Continental Free Trade Area (AfCFTA) on 31 January 2024 at the Port of Durban, Kwa Zulu Natal. The shipment to Ghana includes refrigerators [1] home appliances and mining equipment.

This is an historic event for the entire continent as it marks the practical realization of the AfCFTA Agreement which was inaugurated on the 1 January 2021.

AfCFTA is expected to increase the size of Africa’s economy to $29 trillion by 2050.

Read President Ramaphosa’s remarks below.

Read below the detailed outline of the phases for construction of the Central Corridor Tanzania SGR

Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. Mr. Freeman strongly believes that economic development is an essential human right. He is also the creator of the blog:  lawrencefreemanafricaandtheworld.com

It Cannot Be Denied: China Helping Africa Realize Its Dream

Ethiopian Prime Minister Abiy Ahmed (L), Djiboutian President Ismail Omar Guelleh (C), and Sudanese President Omar al-Bashir (R) on Dec. 9, 2018, inaugurate a Chinese-contracted major road project as the Ethiopian government aspires to connect strategic towns in western Ethiopia. (Xinhua/Michael Tewelde)

November 28, 2019

China to help Africa realize “African dream” early: Chinese state councilor

Xinhua|-November 23, 2019  

China is willing to make every effort to help Africa get out of the “underdevelopment trap” and realize the “African dream” at an early date, Chinese State Councilor and Foreign Minister Wang Yi said here on Saturday.

Wang made the remarks while attending the Group of 20 (G20) Foreign Ministers’ Meeting in Nagoya, Japan.

According to him, lack of fund is the biggest challenge to Africa’s development, with an annual infrastructure investment gap of 100 billion U.S. dollars. China’s infrastructure projects in Africa generate more than 50 billion U.S. dollars in revenue every year, he said.

For example, the Mombasa-Nairobi Standard Gauge Railway has created nearly 50,000 local jobs, driving Kenya’s economic growth by about 1.5 percent, Wang said, adding that China-Africa cooperation is part of South-South cooperation and is mutual help between friends and brothers.

China attaches great importance to the debt issue, actively helps African countries improve their debt management capacity and provides necessary support when they encounter difficulties, Wang said. The two sides have made positive progress in jointly building the Belt and Road with high quality, he added.

The Belt and Road Initiative is highly compatible with the 2030 Agenda for Sustainable Development, the African Union’s Agenda 2063 and development strategies of African countries, forming a strong synergy for promoting common development, Wang said.

In order to better help Africa achieve sustainable development, it is necessary to focus on solving the three major development bottlenecks, namely lagging infrastructure, lack of talent and capital shortage, while solving the three livelihood issues of employment, food and clothing and health, he added.

In this regard, China will adhere to the principle of upholding justice while pursuing shared interests and the principle of sincerity, practical results, affinity and good faith, and work tirelessly to help Africa develop, Wang said.

China has helped Africa build more than 10,000 km of roads, over 6,000 km of railways and a large number of libraries, schools, hospitals and other livelihood facilities throughout the continent, greatly promoting local development, Wang said.

Meanwhile, more than half of the eight action plans and supporting financing announced at the Beijing Summit of Forum on China-Africa Cooperation last year have been implemented or seen concrete arrangements.

He called on developed countries to honor their commitments to Africa and provide tangible assistance in capital and technology among others. China is ready to work with all parties to give full play to respective advantages, jointly promote peace, stability and development in Africa and help African countries realize the “African dream” at an early date, he said.

Read: China Helps Africa To Realize African Dream