Africa and the AfCFTA in the World Trading System

June 29, 2021

Excellencies, Ladies and Gentlemen,

I am pleased to join you virtually for this, the Annual Investment Meeting: Africa Chapter 2021.

You are fortunate to be meeting at a time of potential transformation for Africa.

Africa is home to some of the world's fastest-growing internet markets.  

There is a greater awareness of the need to focus on Africa. At the recent G7 Summit Meeting, the leaders committed themselves to a Build Back Better for the World (B3W) initiative, and make no mistake, as they implement this pledge, African countries will be substantial beneficiaries.

At the World Trade Organization, the new Director General is the first African and the first woman to head the Organization. She is a former Finance Minister of Nigeria and senior World Bank official. She knows about the challenges Africa faces but also the opportunities.