CEO Roundtable pushes for lower tariffs to boost trade within Africa

newsday.co.zw · economy
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African countries need to cut the tariffs they charge each other if trade on the continent is to grow, Zimbabwe's Foreign Affairs and International Trade minister Amon Murwira told a CEO Roundtable. He argued that remaining barriers push African businesses toward distant markets instead of towards their neighbours. Murwira also called for stronger digital connectivity so companies can communicate, transact and pay across borders with less friction. Patchy internet and fragmented payment systems still hold back commerce within Africa. The continent has a continental free trade agreement on paper, yet the share of African countries trading with each other remains low compared with other regions. Ministers and executives at the roundtable used the session to press for practical steps rather than declarations. Murwira framed lower tariffs and better digital links as levers that could accelerate growth across the region.

Foreign Affairs and International Trade minister Amon Murwira said African countries needed to remove barriers to commerce and strengthen digital connectivity to accelerate economic growth. The post CEO Roundtable pushes for lower tariffs to boost trade within Africa appeared first on Newsday .

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