Wamkele Mene

14 May

AfCFTA Secretary General Projects Africa To Become 8th Largest Economy By 2050

wontumionlineBusinessWamkele Mene

Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, has revealed projections indicating that Africa is poised to become the world's 8th largest economy by 2050, with an estimated value of $16.3 trillion. Addressing attendees on the opening day of the 3i Africa Summit in Accra, Mene emphasized the imperative for businesses to harness financial technology (fintech) to optimize their outputs. He underscored the necessity for African governments to leverage all available technological resources to drive growth and sustainability in their economies. "he existential economic sovereignty of our continent is precisely why the African Continental Free…

30 Jun

Automobile Sector Backbone To Industrialisation, AfCFTA Sustainability – Wamkele Mene

wontumionlineBusinessAfCFTA, Wamkele Mene

Secretary-General of the Africa Continental Free Trade Area (AfCFTA) Secretariat, Wamkele Mene, has touted the budding automobile sector as a critical backbone to industrialization and subsequent sustainability of the free trade area. He stressed that industrialization thrives on the shoulders of technology and efficient transportation systems for the movement of factors of production, be it the movement of raw materials, finished goods, or human resources, hence the ability to develop a robust local automobile sector will be a catalyst for industrial growth, translating into GDP growth and economic transformation. The Secretary-General, therefore, called on governments of various African countries as…