📋 Tender Overview
The OECD has presented at Casa frica Las Palmas de Gran Canaria the report prepared with the African Union that studies how African companies must prepare to be competitive in the single market which is born with the new Free Trade Zone AFCFTA.This report indicates that the economic transformation of Africa is the responsibility of African companies and the collaboration of other external companies without this entailing a neo-colonization.The publication also shows that the expanding domestic markets of Africa offer great opportunities to transform production systems across the continent.Africa recorded an annual growth of gross domestic product GDP of 4.6 between 2000 and 2018 in which domestic demand accounted for 69 of that growth. The report estimated GDP growth in the continent in 2019 at 3.6 and predicts that it will continue to be high with 3.9 between 2020 and 2023.Among other data the report suggests that the regional demand for processed foods has been growing 1.5 times faster than the world average. It is clear that the great Pan-African companies and some dynamic companies of recent creation are already taking advantage of these new growth opportunities. Therefore it is proposed to promote the creation of regional production networks to generate economies of scale among African countries improve and facilitate the ability of companies to thrive in new markets both in the continent itself and in thinking of export.The presentation was attended by the Senior Advisor for Africa and Latin America of the OECD Development Center Luis Padilla the General Director of Economic Affairs with Africa of the Government of the Canary Islands Nasara Cabrera as well as Jos Segura General Director of Casa frica local authorities and the General Consul in the Canary Islands Emerenciana Mangue Obiang Esidang.
