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McDan, AfCFTA boss meet over removal of tariffs, other structural barriers to trade in Africa

Mcdan Wamkele New McDan (Left) with AfCFTA Secretary-General, Wamkele Mene (Right)

Thu, 1 Dec 2022 Source: Abass Malik, Contributor

At a high-powered meeting involving the AfCFTA and the McDan Group, the leaders of the two entities plotted and strategized on the concrete implementation and rollout of the trading regime established under the African Continental Free Trade Area.

The new African trade deal focuses on the removal of tariffs and other structural barriers to trade in Africa and this requires key interventions in identifiable areas of the regime.

The McDan Group has an established track record of managing complex supply chain systems across the continent, and its experience and capacity would inevitably come in handy for AfCFTA.

On the other hand, the Secretariat has been working and seeking ways of involving active and capable players to help deliver on the promise of the AfCFTA.

Critical issues such as deploying important technology platforms designed to provide syndicated networks and data systems for the smooth implementation of the AfCFTA, integrating infrastructure, building appropriate supply chain networks together with allied support service offices, engaged the attention of the two entities in their deliberations.

In the last five years, the McDan Group has been systematically expanding its operations and acquiring notable businesses and assets.

This has been recognized by AfCFTA in terms of its planned prospects in forging a partnership for strategic leverage.

This collaborative initiative falls in sync with the Secretary General’s vision of enabling significant African to players drive the implementation of the AfCFTA and the McDan Group’s exponential growth and cross-continental focus provides a viable template for the partnership contemplated.

Source: Abass Malik, Contributor
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