Africa faces many challenges: Economists
The African continent faces many serious challenges in order to achieve successful regional integration and benefit from the advantages that result. This was the recommendation of a panel of expert economists speaking on Day 3 of the seventh African Economic Conference on Thursday in Kigali, Rwanda.
During a discussion organized in parallel with the panAfrican gathering, participants were of the opinion that African countries needed to adopt a series of strategies which would lead to the implementation of sustainable development and regional integration.
Simon Mevel, expert economist at the United Nations Economic Commission for Africa (UNECA), said efforts at regional integration in Africa have been particularly hampered by the impact of transport costs on export options, which is not the same for every country. Mevel was speaking during a session on the theme of Strengthening regional integration in Africa. In his view, this phenomenon is especially apparent in cases where a significant proportion of domestic products are still subject to intensive levels of trade, to the detriment of imported products.