Kenya National Chamber of Commerce and Industry hosted the African Chamber leaders together by the President of World Chamber Federation Mr. Peter Mihok on 23rd and 24th October 2018 in Nairobi, Kenya. The key objective of the forum was to discuss the progress of African Continental Free Trade Area and the role of MSMEs in the Economic Development of the African Continent which constitute the bulk of the chambers of commerce membership base. This is in line with the Memorandum of Understanding which the African Chambers, through PACCI, signed with the Department of Trade and Industry of the African Union Commission in Addis Ababa, in November, 2013.
Recognizing that the African business community has a key role to play during all phases of the Agreement, which include negotiating reforms and subsequently implementing and monitoring them through public-private partnerships, it was expected that PACCI should lead an effort by the continent’s business community to promote the intra-African trade which is crucial for the continent’s development.
The Nairobi business meeting at the same time, highlighted the need and importance for the private sector groups to expand their knowledge on the AfCFTA, enhance their advocacy skills and form common positions on issues to engage effectively in public-private dialogue mechanisms. It is recognized that the AfCFTA is a step forward towards realizing the Pan-African dream for continental integration through trade, thereby realizing the African unity dream. It has always been the hope that ‘the goal of the African union is for full political and economic independence. AfCTA also responds to Africa’s Agenda 2063.