Andrea De Vecchi comments on the changes introduced by the AfCFTA in Il Sole 24 Ore
Geopolitical events in recent years have heightened the urgency of African economic development, accelerated by structural changes initiated by the actualization of the African continental free trade area (AfCFTA). This free trade agreement, which came into effect in 2021, aims to break down barriers to the free movement of goods and services among 54 of the continent’s 55 countries. It thus fosters the establishment of a single, liberalized market, the movement of capital and human resources to facilitate investment, infrastructure development, and the creation of a continental customs union.
The position of professional firms in the context created by AfCFTA
The initiated process by AfCFTA is expected to lead to “a significant change in the regulatory regimes of each member state to achieve consistency and homogenization, resulting in a repositioning of firms in terms of strategy, distribution models, registration of intellectual property rights and other commercial considerations,” commented Andrea De Vecchi, CEO of Andersen Italia and Co-Regional Managing Partner Europe, in theIl Sole 24 Ore article dedicated to this issue. That leads to a growing need for professional services and integrated consulting to navigate the new regulations and to be able to take advantage of their potential.
Andrsen in Africa
Andersen Global effectively responds to this demand through the presence of its partners firms in 47 African countries, which have 15000 professionas, constantly committed to maintaining the standard of services offered and effectively supporting its clients locally and internationally. The association’s teams help the entities with which they collaborate to be part of the continent’s “new phase” of integration, enabling them to disentangle themselves in a convergence process that will hold the continent’s states together.
In addition, Andersen has for years created The Bridge Africa-Europe project that promotes business-to-business relations and international cooperation, enhancing sustainable business development. The project also relies on relationships with institutions and other consultants to implement cross-organizational strategies, promoting business growth and increased profits.
More information about Andersen Global’s position in Africa can be found in Andrea De Vecchi’s interview in the trade magazine Africa and Business.
- Read the article on Il Sole 24 Ore (in Italian) (PDF, 847.95 KB)