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Africa Prosperity Dialogues – Business and Policy Leader’s Dialogues – Day 2

Jan 27, 2023

FRIDAY, 27 JANUARY 2023

9:00am – 10:15am

Session IV: Addressing Critical Legal and Institutional Constraints

The state-to-state nature of the Dispute Settlement Mechanism of AfCFTA could be a potential barrier to ensuring effective dispute resolution under the Agreement. African States, if not completely, almost never litigate against each other over trade related matters and it is uncertain if they would do so in the case of the AfCFTA. The low participation of African States in trade dispute resolution at WTO and within African Regional Economic Communities is a glaring indication that they do not possess the political will to resolve trade issues. Relatively, the question of who can initiate legal proceedings is crucial to the evaluation of the AfCFTA legal framework. However, it is important that the AfCFTA program provides an efficient dispute settlement option for the private sector who are key players in the AfCFTA ecosystem. Hence, addressing critical legal and institutional constraints is of utmost priority now than ever.

Moderator: Hon. Kojo Oppong Nkrumah, Minister for Information, Ghana.

Lead Presenter: (10 mins): Prof Melaku Desta, Professor of Law and Director, Africa Trade Policy Centre, UNECA. Hon. Minister of Trade

Panelist (30 mins)

  • Dr. Francis Mangeni – Head of Trade Promotions and Programmes, AfCFTA Secretariat
  • Osvaldo A. Inácio- Executive Board Member at Sonangol Ijeoma Uju – Partner, Templars
  • Mansa Willaims – Associate Lawyer, Africa Legal Associates
  • Mclean Sibanda – MD, Bigen Global Limited

Open Plenary – (Contribution from plenary participants) 35mins

10:15am – 10:45am

Coffee Break

10:45am – 12:00pm

Session V: Facilitating the Free Movement of People Across Boarders

Enshrined in article 4(2)(i) is a focus on the freer and less restrictive movement of people, rights of residence, and rights of establishment by Africans across the borders of AU member states. The justification is that colonial powers’ decisions on borders resulted in poorly defined territories that paid little attention to cultural or economic assimilations among Africans. Ultimately, as demonstrated by the EU, opening borders to allow for greater free movement of factors of production, including people, contributed to economic development and more peaceful relationships in the region. The evidence that free movement of people across borders promotes economic development remains compelling. In recent decades, progress toward greater freedom of movement for Africans has been uneven and slow. Can Africa accelerate initiatives that allow Africans to move freely within the continent? What strategies should be implemented through the AfCFTA program to actively manage the freer movement of people in order to achieve socioeconomic transformation?

Moderator: Ambassador Baso Sanqgu, Exec. V.P for Sustainability, AngloGold Ashanti and Former Chief of Staff Africa Union Commission

Lead Presenter (10 mins): Mr. Albert Siaw Boateng- Director for Free Movement, ECOWAS

Panelists (30mins):

  • Hon. Minister of Trade
  • Mr. Prudence Sebahizi – Director for Institutional Matters and Programme Coordination, AfCFTA
  • Dr Joseph Obeng- President, Ghana Union of Traders Association (GUTA)
  • Kwame Asuah Takyi-Comptroller General of Immigration Joy Kategekwa, Senior Strategy Advisor, UNDP AFRICA

Open Plenary (Contribution from plenary participants) 45mins

12:00pm – 1:00pm

Security and Intra-Africa Trade

Within the African continent, there is a growing interest in the relationships that links trade and security in African borderlands. On the continent today, terrorism and corruption continue slowed the growth of cross-border trade. Further, evidence from the Horn, North, and West African regions suggests that African countries face the difficult task of pursuing regional integration efforts while lacking the resources or willingness to control their borders. In other words, the process of regional economic integration is rarely accompanied by effective border securitization. How can a coordinated political approach advance cross-border security in order to accelerate intra-African trade?

Moderator: Kofi Appenteng – President, Africa-America Institute

Lead Presenter (10 mins): Catherine Chinedum Aniagolu-Okoye Regional Director for Ford Foundation, West Africa

Panelists (20 mins)

  • H.E. Omar Touray – President, ECOWAS Commission
  • Hon. Minister of Trade
  • Edward Asomani – National Security Coordinator, Ghana
  • Amb. Abdel-Fatau Musah PhD, Commissioner for Political Affairs, Peace & Security Ecowas
  • Patricia Poku Diaby – C.E.O Plot Enterprise

Open Plenary – (Contribution from plenary participants) 30 mins

1:00pm – 2:00pm

LUNCH BREAK

2.00pm – 3:00pm

Finalising the Retreat Outcome Document

FDI and Diaspora Direct Investment: Channeling Diaspora Capital as a driver for economic growth:

The African Diaspora is recognized as an important source of economic and financial contributions by the African Union, particularly in terms of remittances. The World Bank estimates that the African diaspora saves around $53 billion a year, which can be used as a source of investment in African economies. However, the potential for the African Diaspora extends far beyond remittances and includes the transfer of human capital, knowledge, technology and direct investments. Diaspora investment can complement and supplement traditional FDI, providing a more stable and sustainable source of funding for economic development and growth. Diaspora investment tends to be more patient and risk-tolerant than traditional FDI and is often directed towards sectors that may be considered less attractive to traditional investors. Given the potential for AfCFTA to drive wealth on the continent, it is crucial that the diaspora is welcomed as a growth partner, exploring the potential of diaspora and foreign direct investment in driving economic growth and development in Africa.

Moderator: R. Yofi Grant – CEO, Ghana Investment Promotion Centre

Lead Contributors (25 mins):

  • Candido Cornelio – Chairman of the Board, Agency for Private Investment and Export Promotion, Angola
  • Kofi Appenteng – President, Africa -America Institute
  • Molewuleh B. Gray, Esq. – Chairman of the Board, Liberia Investment Commission
  • Temesgen Tilahun – Deputy Commissioner, Ethiopia Investment Commission
  • Saratu Umar – Executive Secretary, Nigeria Investment Promotion Commission

Open Plenary (Contribution from plenary participants) 35mins

4:00pm – 4:30pm

Presentation of Outcome Document

4:30pm – 5:00pm

Closing Ceremony

  • H.E. Wamkele Mene- Secretary-General of the AfCFTA Secretariat
  • Minister of Trade and Industry Ghana

6:00pm – 8:00pm

Welcome cocktail reception ahead of the Presidential and Business Executives’ Dialogues.

Peduase Valley Resort – Peduase, Akuapem, Ghana

Details

Date:
Jan 27, 2023
Event Category:
Event Tags:
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Organizer

Africa Prosperity Network
Phone
+233 302 737 879
Email
info@africaprosperity.network
View Organizer Website

Venue

SAFARI VALLEY
Adukrom,Akwapem Mountain 00233 Ghana + Google Map
Phone
+233 302 737 879
View Venue Website

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