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Free movement of labour and goods to spur business
Posted Saturday, March 14 2009 at 02:38
The continent’s investors will be able to access much-needed capital to finance development.
Dr Mkwezalamba said the Council of Finance Ministers had approved the protocol.
Now, “in line with AU regulations, the protocol will be brought to the next Heads of State meeting for signing and ratification.”
The Council of Ministers meeting was held in Addis Ababa, Ethiopia, in January, shortly before the AU summit.
The bank, to be headquartered in the Libyan capital, Tripoli, is aimed at fostering economic growth and accelerating integration of African states, in line with AU’s Strategic Plan.
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A single currency is a very noble idea. However strict measures should be put in place to ensure that the currency will not be weak due to some countries pursuing inflationary or irresponsible fiscal policies.
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