10 notable quotes from AU Summit on the Continental Free Trade Area

African political and business leaders met in Kigali as part of the African Union Summit on the Continental Free Trade Area. There were in-depth deliberations and exchanges that sought to leverage the power of businesses to drive Africa’s integration agenda. Athan Tashobya of The New Times selected quotable quotes from Tuesday’s discussions. Cyril Ramaphosa, President of South Africa This is the moment for the African continent. A free trade area for Africa is going to be like a flood. A flood that is going to lift all the boats. It is not about South Africa. It is more about all of us. All countries of Africa participating - big and small. This is an opportunity that is going to yield benefits for small countries as well as big ones. It is going to create a level playing field for small and big companies to do meaningful business. Vera Songwe, Executive Secretary of the UN Economic Commission for Africa We have put together the index to let us know how quickly countries are moving forward to ratify this. In 2025, if we do well and make it work, the African market will be USD 3.6 trillion. This is not insignificant for businesses, At the end of the day, it is why we are here. Donald Kaberuka, Former President of the African Development Bank This is a great day for our continent. And for any country to have reservation or fears is a disappointment. The way this agreement has been negotiated and written contains segments to ensure that whoever has issues, those can be addressed. Paul Kagame, Chairperson of the African Union and President of Rwanda Increasing intra-African trade does not mean doing less business with the rest of the world. On the contrary, as we trade more among ourselves, African firms will become bigger, more specialised, and more competitive internationally. From now on, the clear wish of everyone is that consultation between business and political leadership, at all levels, becomes a continuous feature of continental deliberations. Steve Masiyiwa, Founder of Econet Wireless Group We want one market. One single African market. We cannot sustain employment creation for our young people. You (leaders) have to give us, the private sector, the tools to expand, the tools to move people working within our business and tools to move much quicker than we do. What we want is efficient implementation (of the CFTA). Let us ratify this accord. Let us move quickly and execute on it. Arancha Gonzalez, Executive Director, International Trade Centre The continent has an amazing asset – its young people. They are smart, better educated, live longer and entrepreneurial. If they operate in the right conditions they will lift this continent. The CFTA creates conditions for these jobs to be created. It is the implementation of the CFTA that will lead to the creation of the jobs. This is why implementation is important. Amelia Kyambadde, Uganda’s Minister for Trade and Industry The agreement is very important not only for Uganda but for the region for trading in goods and services. It is going to be an opportunity for job creation for the youth because they will be able to move and seek jobs across the continent. The CFTA helps us to organise ourselves as Africans in view to the challenges we have experienced in regards to other global blocs. This will give us an apex and the empowerment needed to address the non-tariff barriers and allow us to compete with other global blocs. Ali Mufuruki, Tanzanian billionaire and founder of Infotech Investment Group You can eat from free trade but you definitely cannot eat sovereignty. The CFTA is not being done for the first time. We are being late. It has benefited other regions, the EU, NAFTA, ASEAN. We should look at their successes. Olusegun Obasanjo, Former President of Nigeria We need to get a critical mass of hands, heads and minds of political and private sector leadership to move us forward. I am surprised that any African leader at this point in time will be talking about either not understanding or not very important to be here to support what we are signing. I see that as criminal. Emmerson Mnangagwa, President of Zimbabwe The (Continental Free Trade Area) should have been achieved perhaps 40 years ago. I believe, possibly, there was not much political will. But today I think that there is the needed political will.

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10 notable quotes from AU Summit on the Continental Free Trade Area