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Intra African trade will bolster regional economy

Intra African trade will bolster regional economy

Staff Reporter
THE African continent took a giant step in the right direction with the African Continental Free Trade Agreement reached in May and the establishment of the African Free trade Area during July this year.
The creation of free intra African trade will greatly benefit the economies of the different countries through value addition and new investment in a more peaceful and stable environment. The agreement will also contribute greatly to economic growth for member states of the Southern African Development Community.

Video: Courtesy of the Namibian Presidency

On the commemoration of SADC Day on 17 August, President Hage Geingob, in his capacity as outgoing Chairperson of the SADC reflected on the year past and said he is proud that the region has taken significant steps to further socio-economic cooperation and to establish peace and stability for all residents.
He said the region is progressing well with its goals to achieve industrialisation that would serve a s a catalyst for the empowerment of the youth that forms a large part of the population.
With regards to climate change and the adverse effects it has on SADC member states he said the mutual support and help during trying times is commendable
Dr. Geingob thanked the region’s development partners for their help and called on the relevant authorities to launch global efforts to reduce global warming and develop necessary capacities to mitigate the eefects of natural disasters.
The president also commended SADC member states for holding peaceful elections and expressed hope that upcoming elections in other members states would be free and fair and that elections will be conducted in a peaceful environment.

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