The Secretary-General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, has urged African nations to stop exporting raw materials and instead focus on value addition within the continent. During a recent conference, Mene emphasized that Africa's reliance on raw material exports hinders economic growth and development. He highlighted the importance of establishing local industries to process these materials, which would create jobs and boost intra-African trade. Mene also pointed out that the continent has the potential to become a global manufacturing hub if it leverages its abundant resources effectively. The call to action aligns with AfCFTA's goals of promoting trade and economic integration among African countries. Leaders were encouraged to adopt policies that support industrialization and reduce dependency on foreign markets.
NigeriaNewsFeed summary based on reporting from Punch Newspapers.
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