In this essay I reflect on the question: What do we make of Africa’s States’ sovereignty whose economies have been reordered/structured around imperial relations of domination, whose larger reigns of social coexistence reeks of neoliberalism and whose citizens are always served the short end of the stick in the access or provision of social welfare services? Not to belabour the point, our increasingly datafied lives promising ‘enormous’ economic value require renewed governance, effort and thinking most pertinently from African States lest what we have as statehood is annihilated on the altar of technological imperialism.
Regional Economic Communities
The African Sovereign Debt Justice Network brings to you an update of African sovereign debt news and updates on events and happenings on and about Africa that reveal how sovereign debt issues are engaged by the various stakeholders.
May 19, 2021
Paid Short-term Consultancy: Investment Governance and Sustainable Development at the Columbia Center on Sustainable Investment
May 15, 2021
In order to complete negotiations of the Phase II Protocol on Investment and prepare successful implementation of the agreement, the AfCFTA Secretariat requires assistance in the form of a technical expert on investment.
The African Continental Free Trade Area (AfCFTA) holds great promise for the continent with the agreement expected to increase intra-African trade and secure socio-economic benefits for member States. Despite trade under the new agreement commencing on 1 January 2020, members are yet to conclude negotiations on the issue of Rules of Origin (RoO). RoO are mechanisms used to determine the economic nationality of a product. Preferential RoO constitute an essential part of preferential trade arrangements, such as Free Trade Agreements (FTAs). Annex 2 of the AfCFTA Protocol on Trade in Goods makes provision for RoO that will provide for a single set of criteria to be applied across the continent. However, discussions on the substantive RoO, which are to be articulated in Appendix IV of Annex 2, are yet to be finalised. In the meantime, member States are expected to apply the preferential RoO covered by their relevant Regional Economic Communities (RECs) until harmonisation is achieved through the AfCFTA’s rules.
This symposium evaluates some of the key trade facilitation issues that member countries need to effectively address in order to ensure the AfCFTA’s success.
A focus on the ongoing Kenya-U.S trade negotiations is pertinent as a lens to rethink the trade and investment treaty making reform at the continental level in the context of the African Continental Free Trade Area (“AfCFTA”) (section 3). The authors conclude with concrete suggestions aiming to improve the drafting of the prospective Kenya-U.S FTA provisions.
In an essay published in 2002, the late Kenyan scholar, Ali Mazrui, asked the critical question of who killed democracy in Africa. In his archetypal incisive take on African issues, Ali Mazrui delved into history to identify both internal and external forces that have conspired to commit the crime of “democra-cide”. Suffice to say that although the political dynamics of the continent has evolved, many of the culprits mentioned by Ali Mazrui are still busy at the slaughter slab, shredding democracy into bits.
In summary, it is vital to place this case in the broader context of the African Continental Free Trade Area (AfCFTA). Regional financial integration of the sort discussed above, (such as an integrated banking market or a banking union), would significantly benefit the AfCFTA in the light of the bigger regional markets in trade that is now in operation.