2.6 C
Wednesday, November 29, 2023

Ethiopia: The AU Executive Council’s 42nd regular session comes to an end


Related stories

Handre Pollard of South Africa Anticipates a Fierce Encounter with England in the Semi-Finals

South Africa's Rugby World Cup semi-final preparations continued in...

Scammers Utilize Artificial Intelligence to impersonate African Union Leader Moussa Faki

African Union Chief Moussa Faki Impersonated in Cyber Scam...

Victor Osimhen Faces Nearly a Month on the Sidelines Due to Hamstring Injury

Napoli's Nigerian striker, Victor Osimhen, has suffered a right...

Kenyan Facebook Moderators Allege Insincere Negotiations by Meta

The attorney representing 184 former Facebook content moderators in...

The 42nd ordinary session of the Executive Council of the African Union brought together senior diplomats from its member states for two days.

Speaking at AU headquarters, Moussa Faki Mahamat, the chair of the AU Commission, highlighted achievements made in assessing the first ten years of the organization’s development agenda, Agenda 2063. He also acknowledged that there were still problems.

“The AU has been looking for long-term solutions by establishing institutions and increasing the production capacity of the food and medicine industries in order to meet the needs of the African people.”

The African Center for Disease Control (CDC) Headquarters construction is currently almost finished, the African Medicines Agency (AMA) headquarters hosting nation has been chosen, and the establishment is moving forward steadily.

Read Also  20 confirmed dead in boat tragedy in Uganda

The creation of the continental trade zone was another important issue. In fact, 44 AU member states had deposited their ratification documents as of November 2022, even though 54 AU member states had signed the AfCFTA agreement.

allowing the free trade agreement’s goals to be realized in its entirety
Antonio Pedro, the acting executive secretary of the United Nations Economic Commission for Africa (UNECA), urged African nations to work together to realize the continental free trade area.

According to him, the AfCFTA’s continental market offers economies of scale in manufacturing, resulting in increased intra-African trade. This, in turn, will eventually bring supply chains closer to home and infuse some degree of self-sufficiency into essential products like medicines, food, and fertilizers. He therefore pleaded with the member nations that have not yet ratified the agreement.

Read Also  Lesotho: Villagers hope for change following the general elections

“We shouldn’t ignore the ten member states that have not yet ratified the agreement. I urge them to act quickly “He begged.

“Second, the AfCFTA agreement has been in effect for four years soon. Unfortunately, these four years also brought numerous shocks to Africa. Only by swiftly and successfully implementing the AfCFTA will Africa be able to create enough shock absorbers to increase resilience.”

The African Union’s (AU) official theme for the year, “The Year of AfCFTA: Acceleration of the African Continental Free Trade Area Implementation,” served as the backdrop for the meeting that got underway on Wednesday (Feb. 15).

Additionally, the draft agenda for the 36th Ordinary Session of the AU Assembly, which is set to begin on Saturday, was anticipated to be discussed (Feb. 18).

Read Also  Kenyan police have issued a ban on new opposition protests

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome & exclusive content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

InsiderBLM Africa
InsiderBLM Africahttp://insiderblm.com
InsiderBLM Africa shares deep financial, media, tech, and other industry verticals happening in Africa.


- Never miss a story with notifications

- Gain full access to our premium content

We don’t spam! Read our privacy policy for more info.

Latest stories