Following legal and socio-economic analysis of relevant laws and literature, the Consultant has produced an initial report detailing the minimum conditions necessary for the private sector in African countries to function optimally and contribute to the implementation of AfCFTA. The report will be the Model Bill of Rights for an Enabling Business Environment in Africa to Enhance Implementation of AfCFTA. Please find to the side a full version of the report.

WHY SHOULD PRIVATE BUSINESSES SUPPORT THE REGIONAL

ECONOMIC COMMUNITIES (RECs) AND AfCFTA PROTOCOLS ?

The RECs and AfCFTA protocols are composed of numerous trade and investment facilitation enablers that were signed by African Heads of State. When implemented, these enablers will propel trade and investment in Africa. The Charter on Private Sector Bill of Rights (PSBoR) for an Enabling Business Environment in Africa seeks to serve as a complimentary companion instrument to both RECs and AfCFTA protocols to ensure a predictable, conducive investment climate in Africa under the vast business opportunities that exist.

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LATEST ON THE CHARTER

According to the Secretary-General of the AfCFTA Secretariat, H.E. Wamkele Mene, “the Private Sector is the core pillar for achieving the AfCFTA goals, because the Private Sector creates jobs, fosters innovation and enables fair competition for business in the continent.” He highlighted that “the PSBoR will be included into the AfCFTA report to the Assembly of Heads of States and Governments of the AU, in February 2024, more so, in the context of the African Union’s 2023 theme of the year of “Acceleration of the AfCFTA Implementation”

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