The delayed implementation of an African free-trade agreement is a missed opportunity as the pact offers “probably the best form of stimulus” for the continent to overcome the impact of the coronavirus pandemic, according to an enterprise that liaises between business and the African Union.
“We unfortunately don’t have the ability to play with quantitative easing and the exercise of printing money,” Paulo Gomes, the vice president of the AfroChampions Initiative, said in an interview. “Our stimulus is really to enhance trade among the countries and create the conditions to create jobs, develop small and medium enterprises and make sure that we create liquidity in the market.”
