You are here: Buzz
A perspective from the World Economic Forum in collaboration with Deloitte
This report has been commissioned by the World Economic Forum Regional Action Group for Africa in preparation for the Davos Agenda 2021, as part of the Great Reset initiative.
Within the context of operationalizing the African Continental Free Trade Area (AfCFTA) Agreement, as well as continuing to live with the COVID-19 outbreak, the members of the Regional Action Group for Africa identified five pathways as priorities for driving economic recovery and building resilience: new financing models for rapid recovery; unlocking manufacturing to mitigate global supply-chain risks; leveraging integration and regional value chains; revitalizing infrastructure and connectivity; and scaling digital transformation and inclusive innovation
This report is one in a series of reports investigating these pathways, and explores two priorities: first, unlocking manufacturing to mitigate global supply-chain risks; and second, leveraging integration and regional value chains. It also undertakes a review of the status quo of intra- African trade and current African efforts towards liberalizing trade in the continent, and seeks to identify avenues to be explored in order to deepen intra-African trade and unlock production capacity to meet local and global demands in strategic sectors, focusing on the automotive industry.
This report reviews the impact of the COVID-19 pandemic on Africa’s supply chains to highlight both the disruptions induced by the pandemic and the opportunities that it presents.
This report offers insights about:
Impact of COVID-19 on supply chains
Intra-African trade: the status quo
Challenges to intra-African Trade
Addressing intra-regional trade and regional value chains (RVCs)
Auto Pact – blueprint for industrialization
Challenges in the automotive Industry
Building a regional automotive industry