Business News of Wednesday, 19 June 2024
Source: Joy Business
Dr. Daniel Mckorley, Executive Chairman of McDan Group, is advocating for Africans to take control of the logistics and shipping industry to boost intra-African trade.
He believes this will reduce reliance on external routes and lower costs for producers.
Mckorley emphasized the importance of connectivity and local currency payments, praising platforms like Africa Trade Gateway for facilitating trade.
He urged financial institutions and governments to support AFREXIM's initiatives, highlighting the potential of the African Free Trade Area (AfCFTA) to simplify doing business in Africa.