
Developing and implementing a growth strategy of modernizing agriculture, including by realizing the 2014 Malabo commitments to devote 10% of countries’ annual budgets to agriculture to help it grow by at least 6% p.a., would transform Africa’s economic prospects, helping the continent to grow more robustly and sustainably. Fundamentally, implementing that strategy would address the key factors that are keeping productivity low in Africa—the main reason the continent remains poor—by accelerating the accumulation of capital, improving resource allocation, and finding ways and opportunities to better use its human resources, reversing the brain drain Africa has long suffered. Many components of that strategy are parts of AfCFTA—especially the liberalization of intra-African trade in agriculture. As a consequence, the rigorous and timely implementation of AfCFTA throughout the continent would be the best way to help realize that growth model in the foreseeable future. The roadmap is clear. What is needed now is the political will of African leaders to ‘just do it’.
Auteur(s): Tran, Hung Q.
Editeur: Policy Center for the New South
Année de Publication: 2025
pages: 66
Langue: Anglais
eISBN: 978-9920--63346-8