Prime Minister Dr Edouard Ngirente has called for removing impediments that hamper intra-Africa trade and scaling of investment in areas that will enable the private sector to take advantage of the Africa Continental Free Trade Area (AfCFTA).
The Premier made the call on Thursday at the opening of the African Trade and Investment Development Insurance’s (ATIDI) 2023 Annual General Meeting (AGM), which brought together representatives of the multilaterals’ 21-member states and other stakeholders.
Dr Ngirente said there is a need to create and sustain conditions conducive to private sector development on the continent by removing structural impediments that stand in the way of businesses between African countries.
“We also need to open our economies to market forces as much as possible, and we also need to lower administrative barriers to trade and investments,” the Premier said, noting that the revamped organisation, formerly known as African Trade Insurance (ATI), now known as ATIDI, will play a vital role to that end.
ATI announced the new name on Thursday at the AGM in Kigali, with officials from the continental organisation saying that the rebranding comes with an expanded capital base, new innovations and initiatives that are in line with Africa’s needs at the moment.
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