The Pan African Chamber of Commerce and Industry (PACCI) is set to host the highly anticipated Prosperity Africa 2024 Conference from September 25 to 27. This significant event will gather over 45 chamber of commerce presidents from across the continent to explore the transformative potential of the African Continental Free Trade Area (AfCFTA) in enhancing intra-African trade and fostering economic integration.
The AfCFTA, which connects 1.4 billion people across 54 of Africa’s 55 countries excluding Eritrea represents a market with a combined GDP of $3.4 trillion. This agreement has the potential to reshape African economies, driving growth through increased trade, investment, and collaboration.
Ali Adji Mahamat Seid, President of the Chad Chamber of Commerce, emphasized the opportunities presented by the AfCFTA, stating, “Business leaders must wake up to the fact that Africa is entering a new era. The AfCFTA offers an unprecedented opportunity to reshape intra-African trade and drive economic growth. Entrepreneurs should prepare to engage with this vast market, which holds immense potential for businesses across the continent.”
Kebour Ghenna, Executive Secretary of PACCI, highlighted the conference’s importance for Ethiopia’s business community. “This is an excellent opportunity for Ethiopian businesses to expand their networks across Africa and learn about the vast opportunities that AfCFTA provides for reaching new markets and forming partnerships. Whether you’re a small business or a large enterprise, the AfCFTA is designed to benefit you.”
Kebour further encouraged business executives of all sizes to register for the conference, stating, “I encourage all business leaders, regardless of their size or sector, to register and attend the conference. This is a unique chance to learn from experts, connect with potential partners, and explore how AfCFTA can open doors to new business opportunities across the continent.”
The event is supported by major partners, including the Ethiopian Chamber of Commerce and Sectoral Association, UNDP’s Regional Bureau, UNECA’s African Trade Policy Center, the EU-TAF, and Afrexim Bank. The conference will not only focus on how African businesses can support one another but will also emphasize strengthening ties between African nations and equipping Ethiopian firms with strategies for international success.
With backing from the AUC Economic Development, Trade, Tourism, Industry, and Minerals Division, Prosperity Africa 2024 aims to forge stronger economic ties across the continent and provide businesses with the tools they need to thrive in a continental market. Key discussions will revolve around digital transformation, climate finance, and regional value chains, all crucial for harnessing the full potential of the AfCFTA.
As the event date approaches, business leaders across Africa are encouraged to participate in the Prosperity Africa Conference to gain insights, build partnerships, and position themselves for success in Africa’s evolving economic landscape.