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African Economic Congress

@aecongressorg

African Economic Congress bringing Best African Brains to Create African Solutions to African Challenges

Joined June 2019
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We celebrate with all the people of Nigeria and the Nigeria Government @NigeriaGov including its president @officialABAT on the commemoration of 25 years of space technology. Nigeria's investment in space is leading a path for African Nations. Well done Nigeria.

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- Platform for advocating African interests in international forums - Reduced Western influence and increased bargaining power in international negotiations. Today's article covers more. Read here: buff.ly/3UPr0o7


Political Implications: - Strengthened voice for developing nations in global governance - Alternative diplomatic channels outside Western-dominated institutions. Today's article covers more. Read here: buff.ly/3UPr0o7


- Investment in infrastructure projects across the continent - Reduced dependency on Western-dominated financial institutions. Today's article covers more. Read here: buff.ly/3UPr0o7


Economic Implications for Africa: - Increased access to alternative development financing through the BRICS Bank - Growing trade relationships, particularly with China and India Today's article covers more. Read here: buff.ly/3UPr0o7


Resource Security: BRICS coordinates access to strategic resources, ensures energy security, and develops joint approaches to food security. Today's article covers more. Read here: buff.ly/3UPr0o7


5. Strategic Autonomy: BRICS seeks to reduce vulnerability to Western economic sanctions, develop alternative payment systems and supply chains, and build strategic partnerships. Today's article covers more. Read here: buff.ly/3UPr0o7


4. Development Cooperation: BRICS promotes technology transfer, infrastructure development, and cooperation in areas like agriculture, energy, and digital technology. Today's article covers more. Read here: buff.ly/3UPr0o7


3. Geopolitical Influence: BRICS aims to build a counterweight to US/Western dominance and reform international institutions like the UN Security Council, IMF, and World Bank. Today's article covers more. Read here: buff.ly/3UPr0o7


2. Economic Rebalancing: BRICS aims to create an alternative to Western-dominated global financial systems and reduce dependency on the US dollar for international trade. Today's article covers more. Read here: buff.ly/3UPr0o7


1. BRICS Expansion: The economic and political alliance expanded in 2024 to include Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, forming BRICS. Today's article covers more. Read here: buff.ly/3UPr0o7


The AfCFTA is a significant step forward in Africa’s integration journey. By unlocking its full potential, the continent can pave the way for new economic growth opportunities, job creation, and improved livelihoods for its people. Read more here: buff.ly/3YB9mFK


Enhancing Trade Infrastructure: Supporting the development of essential policies and infrastructure, including roads and ports, to facilitate trade. Today's article covers more. Read here: buff.ly/3YB9mFK


Building African Expertise: Promoting the development of skills in intellectual property rights, investment, competition, and e-commerce. Reducing Trade Costs: Lowering tariffs and taxes to foster a competitive business environment. Read more here: buff.ly/3YB9mFK


Empowering Businesses: Cultivating a favorable environment for businesses, particularly SMEs, to engage in trade effectively. Addressing Non-Tariff Barriers: Tackling customs delays and regulatory hurdles that impede African trade. Read more here: buff.ly/3YB9mFK


Key Objectives of the AfCFTA: -Creating a Single African Market Elimination of trade barriers and common policy implementation for seamless movement of goods, services, people, and capital. Today's article covers more. Read here: buff.ly/3YB9mFK


The goal is clear: to promote sustainable development for women and youth, aligning activities with the Sustainable Development Goals (SDGs) and the Agenda 2063 vision for the continent. Today's article covers more. Read here: buff.ly/3YB9mFK


A strategic partnership between the AfCFTA Secretariat and UNDP aims to harness trade as a catalyst for Africa’s socioeconomic recovery from the COVID-19 pandemic. Today's article covers more. Read here: buff.ly/3YB9mFK


Their efforts focus on: - Direct country assistance - Training programs for small and medium-sized enterprises (SMEs) - Fostering cross-regional SME linkages - Research initiatives - Developing trade-enabling technologies. Read more here: buff.ly/3YB9mFK


The United Nations Development Programme (UNDP) is at the forefront, providing critical support for the AfCFTA's implementation across various levels—from national initiatives to continental strategies. Today's article covers more. Read here: buff.ly/3YB9mFK


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