On the occasion of a high-level meeting convened in partnership with vice chairman, Dr. Mahamudu Bawumia, the AfroChampions Initiative has formally launched a personal sector investment framework to secure funding for the African Continental trade space (AfCFTA).
The meeting additionally brought along investors, funding establishments and sovereign and personal funds managers.
The objective is to mobilize the non-public sector, in Africa and on the far side, through a fervent blended-finance vehicle to accelerate the continent’s economic integration, by chop-chop deploying those infrastructure comes that area unit crucial to with success delivering the AfCFTA and creating it a positive transformation for Africans.
The AfroChampions Initiative Structures associate degree Innovative Approach to interact the non-public Sector on Economic Integration in Africa.
The projected framework is innovative and includes several proposals from the AfroChampions Boma on Infrastructure funding and Delivery organized last Gregorian calendar month in capital of Kenya with the African Union’s High Representative for Infrastructure His excellency Mr. Raila Odinga.
Considering that key enablers of the AfCFTA area unit the removal of non-tariff barriers, the readying of transport and property networks, access to low-cost energy, and African economies’ upscaling towards additional added merchandise, the framework defines a variety of priority opportunities similarly as structuring comes to be supported, underneath bound conditions, by the fund found out for that purpose.
The AfroChampions Initiatives has outlined four pillars of activity, all aimed toward supporting Africa’s economic integration, with the target to own a tangible and positive impact:
Capacity building for ensuing generation of African executives;
- Policy-shaping for a made implementation of the African continental trade space, through the AfCFTA sensitization campaign, designed to teach African entrepreneurs of all sizes concerning the opportunities ensuing from the African single market:
- making a robust cluster of AfroChampions firms able to speak with one voice and establish common areas of interest, inside the AfroChampions Club;
- Facilitating investment in strategic African projects.