Ramaphosa urges BRICS partners to invest in Africa’s industrialization

Ramaphosa urges BRICS partners to invest in Africa’s industrialization

RT

The South African president has encouraged collaboration in infrastructure and small businesses

South African President Cyril Ramaphosa has called on BRICS nations to support Africa’s industrialization efforts, particularly through the development of infrastructure.

On Sunday, speaking ahead of the BRICS Summit in Kazan, Russia, Ramaphosa stressed the need for collaborative investment to unlock the full potential of the African Continental Free Trade Area (ACFTA), which he described as a driving force for trade, investment, and industrial growth across the continent.

“The success of ACFTA requires a substantial investment in infrastructure,” Ramaphosa, who arrived in Kazan earlier today, said.

The ACFTA, a vast free trade zone covering most of Africa, was established in 2018 through the African Continental Free Trade Agreement. With 43 member states and 11 additional signatories, it is the largest free trade area by member count after the…

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