Building Value Chains across Multiple African Countries is Crucial to Enabling Trade Integration
Despite ongoing efforts by African countries to promote regional trade, African countries still trade more with the rest of the world than with each other. Joy Kategekwa, Director of the African Development Bank’s Regional Integration Coordination Office, believes that redressing this imbalance will require strategic investments in cross-border value chains in the continent’s priority sectors. Kategekwa believes companies investing in multiple jurisdictions should know there are financial incentives to do so. For the purpose of enjoying preferential tariff treatment. The signal it sends to the market and producers is “make it and we will buy it.”
