Drivers for boosting intra-African investment flows towards Africa's transformation
The study provides evidence of the complementarities between trade and investment in Africa. Given the trade potential of the African Continental Free Trade Area and its likely implications for boosting intra-African trade and investment, there is a need for African countries to harness the area as a platform to boost intra-investment. Boosting intra-African trade through the area is instrumental in increasing productivity, enhancing competitiveness and supporting economic growth. This needs to be accompanied, however, by investment regulation and policies that unlock the associated joint benefits of trade and investment growth. It is therefore relevant to develop common rules on investment in the context of the area to lock in the expected dynamic and static effects of trade and investment flows on the continent.