The AfCFTA business forum has just ended and it assembled some of the most accomplished and pathbreaking businessmen and women on the continent.
Speaking on the panel of logistics, the CEO of the McDan Group, Dr Daniel McKorley challenged successful African entrepreneurs to pull together to create continental mega-companies to rival global conglomerates.
He lamented that for a continent with a combined GDP of $3.3T and the fastest growing economies, no African corporation is large enough to compete with the established entities of the world in the areas of transport and logistics and other businesses.
Dr Mckorley stressed that the McDan group has demonstrated its commitment to helping drive the AfCFTA agenda and its adoption of working memoranda and other ongoing interventions to promote seamless trade on the continent are just examples of how companies on the continent can come to the table.
He further stressed that the potential outturn of AfCFTA is promising for all big players involved and accordingly, there is no need for unproductive competitive behavior between African players hence his call for joint venture partnership initiatives to shore up capacity to deliver under AfCFTA.
The conference gathered a wide variety of business actors and stakeholders including policymakers, government officials, regulatory agencies, business leaders, consulting experts, and academics and the event was held in Cape Town, South Africa.
Latest Stories
-
We didn’t sneak out 10 BVDs; they were auctioned as obsolete equipment – EC
2 hours -
King Charles to resume public duties after progress in cancer treatment
3 hours -
Arda Guler scores on first start in La Liga as Madrid beat Real Sociedad
3 hours -
Fatawu Issahaku’s Leicester City secures Premier League promotion after Leeds defeat
3 hours -
Anticipation builds as Junior Speller hosts nationwide auditions
4 hours -
Etse Sikanku: The driver’s mate conundrum
4 hours -
IMF Deputy Chief worried large chunk of Eurobonds is used to service debt
5 hours -
Otumfuo Osei Tutu II celebrates 25 years of peaceful rule on golden stool
5 hours -
We have enough funds to pay accruing benefits; we’ve never missed pension payments since 1991 – SSNIT
5 hours -
Let’s embrace shared vision and propel National Banking College – First Deputy Governor
6 hours -
Liverpool agree compensation deal with Feyenoord for Slot
6 hours -
Ejisu by-election: There’s no evidence of NPP engaging in vote-buying – Ahiagbah
6 hours -
Ejisu by-election: Independent ex-NPP MP’s campaign team warns party against dubious tactics
6 hours -
ZEN Petroleum supports Tse-Addo Future Leaders School
7 hours -
NPP must win back Adentan seat in 2024 polls – Obeng Fosu
7 hours