Africa: Global Africa Business Initiative Introduced to South Africa

  • 📰 allafrica
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

Press Release - The Global Africa Business Initiative (GABI) has been introduced to South Africa at the Africa Continental Free Trade Area Business Forum being held in Cape Town this week held under the leadership of Wamkele Mene, Secretary-General of AfCFTA.

Sanda Ojiambo, United Nations Assistant Secretary-General and CEO of the UN Global Compact, addressing the Africa Continental Free Trade Area Business Forum #AfCFTABF2023 in Cape Town.Cape Town — The Global Africa Business Initiative has been introduced to South Africa at the Africa Continental Free Trade Area Business Forum being held in Cape Town this week held under the leadership of Wamkele Mene, Secretary-General of AfCFTA.

During opening remarks at the AfCTA Business Forum Sanda Ojiambo, Assistant Secretary-General and CEO, UN Global Compact noted the importance of GABI to AfCFTA’s work: AfCFTA will play a key role in fueling trade and investment opportunities within the continent as well as the world with multiple initiatives which include facilitating easier trade across borders, increased investment in renewable energy and promoting the growth of Africa’s creative and cultural industries. According to the World Bank, AfCFTA could boost regional income by $450 billion, speed up wage growth for women and lift 30 million people out of extreme poverty by 2035.

During her visit to South Africa, Sanda Ojiambo co-hosted with Nelson Muffuh, Resident Coordinator of the United Nations in South Africa, a CEO Dinner and Dialogue on the Global Africa Business Initiative. In her welcoming remarks, she noted the growth and potential of the country:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rolling blackouts have negative impact on business: Business Leadership South Africa - SABC NewsOrganised business has expressed serious concerns about ongoing rolling blackouts in South Africa. Speaking at the Africa Continental Free Trade Area business forum underway in Cape Town, Chief Executive Officer of Business Leadership South Africa, Busisiwe Mavuso, says rolling blackouts have a negative impact on businesses and trade in Africa.
Source: SABCNews - 🏆 37. / 51 Read more »