AU launches digital platform to accelerate AfCFTA implementation

0
AfCFTA
AfCFTA

The African Union (AU) has launched two main flagship initiatives at the Boma of Africa 2022 event: a digital platform for accelerating the implementation of the Africa Continental Free Trade Area (AfCFTA) and the African Vaccine Passport and eHealth backbone.

The digital platform, called the AfCFTA Hub, is a web-based app that interconnects national, regional and private digital applications together to boost the ability of SMEs to expand their business and/or export their products across Africa through improved logistics, networking of retail outlets, integration of fintechs and brand development support.

Financing is provided through the affiliated AfCFTA Caravan Initiative. Every SME or startup in the African Union is now entitled to a free AfCFTA Number following the launch.

There is also a supply chain component called, ProPer, for managing the potential negative side effects of the AfCFTA trade liberalisation scheme such as dumping, smuggling, and counterfeiting.

AfCFTA is a free-trade area agreement signed by most African countries. It is a flagship project of the AU’s agenda 2063.

The agreement aims at creating “a single market for goods, services, facilitated by movement of persons in order to deepen the economic integration of the African continent.”
African Vaccination Passport
Meanwhile, during the event, the AU also launched a digital vaccine passport platform that allows AU citizens to acquire free digital proof of their vaccinations, which can be verified anywhere in the world.
“The African vaccine passport allows every African Union citizen to acquire a free digital proof of their vaccinations that can be verified around the world utilising the PanaBIOS and UNDP-backed Global Haven mechanisms,” AU said.
Send your news stories to newsghana101@gmail.com Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here