Prime Minister Edouard Ngirente delivers his remarks during the opening of the Africa Trade Development Forum in Kigali on Monday, December 2. Courtesy. Investment in Africa's digital and technological capabilities is necessary to unlock the continent's trade potential and accelerate economic growth, Prime Minister Edouard Ngirente said on Monday, December 2, as he opened the Africa Trade Development Forum in Kigali. Achieving this vision requires countries to adapt to the rapidly evolving trade landscape shaped by emerging technologies, Ngirente said, adding that enabling free movement of people, goods, and services is crucial to unlocking the full potential of intra-African trade. “Leveraging digital technologies is critical. Removing non-tariff barriers and facilitating seamless cross-border movement will not only create new opportunities for businesses but also address key trade-related challenges across the continent,” he said. “This potential requires that our countries advance the use of digital innovation in trade operations. Doing so will not only facilitate connections between producers and consumers but also boost growth and create opportunities for better jobs.” Ngirente noted that achieving this ambitious vision would require significant investments in scaling up energy and digital infrastructure, easing electronic cross-border payments, and improving customs and logistics systems. Prime Minister Edouard Ngirente delivers his remarks during the opening of the Africa Trade Development Forum in Kigali on Monday, December 2. Courtesy Studies show that improving digital connectivity, combined with a supportive regulatory framework, could reduce trade costs by as much as 25 percent, Ngirente told delegates at the two-day event co-hosted by the...
Digital technologies could unlock Africa’s trade potential, says Ngirente
Posted on: December 10, 2024
Posted on: December 10, 2024