Accra, 26 January 2023 (ECA) - The private sector is recognized as an indispensable stakeholder in the African Continental Free Trade Agreement (AfCFTA), especially given its ability to catalyze sustainable economic development and job creation.“Africa’s private sector accounts for80 percent of total production, two-thirds of investment, and three-quarters of credit, and
ECA estimates that by 2045 intra-African, trade in agri-food, industry, and services sectors will increase by nearly 35% compared to a situation without the AfCFTA.
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In one of the most unusual international arbitration disputes in history, the Kiram in the Philippines, who claim ownership of a Malaysian state, are backed by a London law firm and bankrolled by a British investment fund in a litigation process that has so far cost more than $10-million.