The 15th US-Africa Business Summit should foster avenues for new and better trade opportunities between Africa and the US, President Dr Mokgweetsi Masisi said yesterday.
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The President also said the summit should address major challenges bedevilling the continent, among them slow industrialisation, unemployment, lack of economic diversification, skills gaps, narrow export commodities and low export capacities. “Botswana constitutes less than 0.2 per cent of Africa’s population and contributes about one per cent of Africa’s GDP.
Once fully operational, AfCFTA would build and strengthen regional integration as well as boost intra-Africa trade, thus increasing value-added production, trade across all valuable sectors of the continental economy and attaining the vision of Agenda 2063.
Dr Masisi commended US President Joe Biden’s administration for supporting African Agenda 2063 through announcement of several initiatives during the US-Africa Leaders’ Business Summit, which was held in Washington DC in December last year. For his part, Corporate Council on Africa (CCA) board chairperson, Mr Jeff Sturchio said the 15th US-Africa Summit also marked the CCA’s 30th anniversary.