Rédaction Africa Links 24 with New Dawn
Published on 2024-03-19 00:59:00
Liberia’s House Speaker, Cllr. Fonati Koffa, recently emphasized the need for leaders across the African continent to take concrete steps towards building a resilient economy. With a population of 1.2 billion people, Africa holds immense potential for economic growth and development.
Speaking at the African Leadership Awards conference in Addis Ababa, Ethiopia, Cllr. Koffa proposed that intra-trade and investments among African countries should be prioritized to boost economic growth. He urged leaders to move beyond mere talk and commitment, emphasizing the importance of taking tangible actions to drive economic progress.
Cllr. Koffa also advocated for open borders, a single currency, and the utilization of technology to promote trade over aid on the continent. He emphasized the need for African leaders to embrace innovative solutions and strategies to build resilient economies that can withstand challenges such as climate change, security concerns, and democratic setbacks.
During the 12th African Leadership Magazine Persons Of The Year Awards ceremony in Addis Ababa, Cllr. Koffa reiterated the importance of open borders, a single currency, and technological advancements in fostering economic growth. He underscored the role of these factors in creating economies that are capable of adapting to crises and seizing opportunities for growth.
While acknowledging the slow progress towards a regional single currency initiative, particularly within the ECOWAS region, Cllr. Koffa stressed the urgency of accelerating efforts to unlock economic opportunities. He highlighted the benefits of a single African currency in promoting intra-African trade, facilitating travel, and boosting internal tourism.
Cllr. Koffa also emphasized the significance of open borders in promoting trade and strengthening ties among African nations. He urged leaders to continue moving towards open borders to facilitate the free movement of goods and services across the continent. By fostering closer economic collaboration, African countries can develop a stronger sense of unity and solidarity.
Moreover, Cllr. Koffa highlighted the pivotal role of technology in bridging infrastructure gaps and driving economic growth in Africa. He emphasized the transformative power of technology in connecting individuals and businesses across the continent, irrespective of physical barriers.
In conclusion, Cllr. Fonati Koffa’s calls for African leaders to prioritize intra-trade, embrace open borders, and leverage technology underscore the importance of proactive measures in building resilient economies. By taking decisive actions and embracing innovative solutions, African nations can unlock their full economic potential and foster sustainable growth for the continent as a whole.
Read the original article on The Newdawn Liberia
