• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 8, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

African economies urged to accelerate efforts towards regional integration

April 20, 2021
Stephen M.Cby Stephen M.C
in World, Africa
0
African economies urged to accelerate efforts towards regional integration

The impact of the Covid-19 pandemic has weakened decades of improved integration among countries in Africa. In what seemed like a lost decade, African economies are urged to accelerate efforts towards regional integration.

A virtual meeting was held to present the Regional Integration Index (ARII) report to participants from three regional blocs.

The index report, a joint publication by three institutions; the Economic Commission for Africa, the African Development Bank and the African Union Commission displays current data on the status of regional integration in Africa. The report assesses the level of integration for every regional bloc and its member countries.

RelatedPosts

Iran Open To Dialogue With US Provided Trust Is Established

UN Urges Human Rights-Centred Digital Transformation

UK, France Eye Joint Action On Channel Crossings

Furthermore, the index report underscores the importance of rallying a new commitment to regional integration within Africa.

Discussants indicated that the African Continental Free Trade Area, which began in January 2021, and the impact of Covid-19 on movements has made regional integration more critical.

Moreover, the Director of Trade at the East African Community Secretariat, Alhaji Rashid Kibowa indicated that the index report highlights three major challenges facing the continent. These include the Covid-19 pandemic, implementation of the AfCFTA, and poverty reduction.

 “There is a need for more dialogue on the ARII and methodology issues to expand the scope of coverage of the assessed integration areas.

“The fundamental issues behind the ARII ought to be whether integration exists for Africa and whether it is effective in terms of achieving poverty reduction and socio-economic transformation for the continent.”

Alhaji Rashid Kibowa, Director of Trade at the East African Community Secretariat
Report findings

The report found that overall scores for Southern and Eastern countries showed significant improvements. The index indicates that on the whole, the level of integration on the continent is low, with an average score of 0.327.

Furthermore, the report shows that Africa is poorly integrated on the productive and infrastructural sectors. Yet, these are key influencers upon which all the other aspects of the index depend.

 “The latest edition of the African Regional Integration Index is not only timely but handy. [This] is to help …countries identify their main strengths and weaknesses with its regional integration performance,” said Stephen Karingi, the Director of the Regional Integration and Trade Division of the East African Community.

Moreover, Jean-Guy Afrika, AfDB’s Acting Director for the Regional Integration Coordination Office, intimated that the Covid-19 pandemic has deepened vulnerabilities of the continent, especially the really low levels of intra-African trade and the rise of non-tariff barriers.

 “The continent will only grow economically if we allow the free flow of goods and services across our borders. Also, allow free movement of people, and scale up regional value chains. As a matter of urgency, we bring down tariff and non-tariff barriers, encourage cross-border trade, and open the African skies,” Jean-Guy Afrika added.

The Regional Integration Index was presented to the tripartite region of the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), and the Southern African Development Community (SADC). This meeting triggered a renewed call for building robust supply chains and connectivity as a way of increasing efforts towards regional integration.

READ ALSO: Covid-19 impact triggers $5 billion in capital flows from Africa

Tags: AfDBafricaCOVID-19regional blocsregional integrationWorld
Please login to join discussion
Previous Post

FAW worsening food security for 26 million people- FAO

Next Post

However, if you are in-between sizes, go up because Yeezy

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

DIHOC Inaugurated to aid industrialization
General News

DIHOC Inaugurated To Power Ghana’s Defence Drive

July 8, 2025
GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound
Securities/Markets

GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound

July 8, 2025
Andy Appiah-Kubi, Party, Ghanaians
General News

Former NPP MP Applauds NDC’s Interim Economic Management

July 7, 2025
Ernest Yaw Kumi, Dceased MP for Akwatia
General News

Parliament Grieves Loss of Akwatia MP 

July 7, 2025
Iran’s Pezeshkian In Iraq For State Visit
Asia

Iran Open To Dialogue With US Provided Trust Is Established

July 7, 2025
CalBank Marks 35 Years of Values-Driven Growth Wit Red Week Reflections
Banking

CalBank Marks 35 Years of Values-Driven Growth With ‘Red Week’

July 7, 2025
DIHOC Inaugurated to aid industrialization
General News

DIHOC Inaugurated To Power Ghana’s Defence Drive

by Lilian AhedorJuly 8, 2025
GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound
Securities/Markets

GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound

by Stephen M.CJuly 8, 2025
Andy Appiah-Kubi, Party, Ghanaians
General News

Former NPP MP Applauds NDC’s Interim Economic Management

by Silas Kafui AssemJuly 7, 2025
Ernest Yaw Kumi, Dceased MP for Akwatia
General News

Parliament Grieves Loss of Akwatia MP 

by Evans Junior OwuJuly 7, 2025
Iran’s Pezeshkian In Iraq For State Visit
Asia

Iran Open To Dialogue With US Provided Trust Is Established

by Comfort AmpomaaJuly 7, 2025
CalBank Marks 35 Years of Values-Driven Growth Wit Red Week Reflections
Banking

CalBank Marks 35 Years of Values-Driven Growth With ‘Red Week’

by Stephen M.CJuly 7, 2025
DIHOC Inaugurated to aid industrialization
GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound
Andy Appiah-Kubi, Party, Ghanaians
Ernest Yaw Kumi, Dceased MP for Akwatia
Iran’s Pezeshkian In Iraq For State Visit
CalBank Marks 35 Years of Values-Driven Growth Wit Red Week Reflections
[/vc_row_inner]

Recent News

  • DIHOC Inaugurated To Power Ghana’s Defence Drive
  • GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound
  • Former NPP MP Applauds NDC’s Interim Economic Management
  • Parliament Grieves Loss of Akwatia MP 
  • Iran Open To Dialogue With US Provided Trust Is Established
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.