In the dynamic landscape of Africa, our Economic Department stands at the forefront of catalyzing sustainable development and social transformation. We believe that a new Pan-Africanism approach and progressive political economy institutions are essential for fostering an integrated and dynamic economic system.

Pan-Africanism, as both a movement and ideology, has the power to promote a sustainable, optimal, and vibrant economic system, unlocking the collective potential of Africans to liberate themselves from poverty, destitution, and marginalization. Rooted in the struggle against historical injustices, our Economic Department aims to ground Pan-Africanism in shared values, fostering economic liberation, mutual prosperity, and a shared destiny for all Africans.

Our focus on intra-African trade is crucial. Despite being one of the world’s rapidly growing economies, only 17 percent of continental trade happens within Africa. Our commitment is to dismantle trade barriers, overcome customs duties, and address inadequate infrastructure, promoting a seamless flow of goods within the continent. By fostering industrial development, encouraging sustainable growth, and creating a single market for goods and services, we aim to elevate Africa’s economic potential.

The African Continental Free Trade Area (AfCFTA), with its 1.2 billion people and 54 member states, holds immense promise for economic growth. Our objectives within the AfCFTA framework include promoting production, facilitating intra-African trade, fostering sustainable industrial development, creating a single market, easing the movement of people, and safeguarding competition and investment.