“African economies continue to punch below their weight in terms of attracting foreign direct investment. Many African economies remain dependent on exports of primary commodities which are particularly prone to shocks. “Foreign direct investment is a catalyst of economic growth, structural transformation and regional integration on the continent. These include harmonizing heterogeneous approaches to investment regulation in Africa; clarify the relationship and precedence of the AfCFTA Investment Protocol and IIAs; pool resources to strengthen domestic and regional institutions and the business climate. These are the “Drivers for boosting intra-African investment flows towards Africa’s transformation” and “Linkages between double taxation treaties and bilateral investment treaties.”Karingi said African regional integration has gained momentum with the current efforts to establish the AfCFTA.

Source: The Guardian October 28, 2020 03:45 UTC