By Patrick Smith
Africa-Press – Mauritius. Enthusiasts for the AfCFTA, such as the chief economist of Afreximbank, Hippolyte Fofack, argue that the free-trade area would boost foreign investment in the region by a quarter and propel many economies to move from their roots in natural-resource exploitation towards labour-intensive manufacturing.
That has been interrupted by the collateral damage from Russia’s war on Ukraine. There is a blockade on Ukraine’s grain and seed exports, but there are also the three-way costs of the West’s sanctions on Russia: they hit President Vladimir Putin’s government and his business allies, but implementing them also cost the United States and European powers.
https://www.theafricareport.com/213248/how-africa-can-win-from-the-omnicrisis-crisis/
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