As Africa embraces the transformative power of the African Continental Free Trade Area (AfCFTA), Special Economic Zones (SEZs) emerge as pivotal catalysts for regional economic growth.
The impact of AfCFTA on SEZs on the continent is a key part of Africa’s growth, through improved market access, reduced trade barriers, and participation in regional value chains, which all enhance overall competitiveness. ESG considerations take centre stage, highlighting the imperative for eco-friendly infrastructure and fair labour practices in operating African SEZs responsibly.
A crucial part of this development is the adoption of practices related to the Fourth Industrial Revolution and the use of artificial intelligence and automation to boost productivity and innovation. Alongside the adoption of intelligent technologies is the critical role of supportive infrastructure and stable regulatory frameworks, which boost SEZ attractiveness and regional economic integration.
Investment in education and vocational training is also crucial to this development, enhancing SEZs’ competitiveness while also contributing to broader human capital development and improved living standards.
Explore the full report to understand how Africa’s SEZs are poised to become dynamic centres for intra-African trade and sustainable economic growth.
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