Lobby group wants 40pc of state business to go to private sector

Panafrican parliament

African delegates attending a session at the Pan African Parliament in Midrand, South Africa. PHOTO | PCS

Speaking in Midrand, South Africa, at a two-day workshop on Accelerating the African Continental Free Trade Area and the significance of the Pan-African Parliament, African Business Council (ABC) President Dr Amany Asfour said the implementation of the African Continental Free Trade Area (AfCFTA) is dependent on the private sector.

Dr Asfour underscored the need to have incentives for African investors rather than for multinationals and urged the Pan-African Parliament to push for legislation in domestic parliaments that will make it mandatory to have 40 percent of all government procurement given to the local private sector.