G-25 Summit: African Coffee Nations Push For Intra Continental Trade Of Coffee Products

G-25 Summit: African Coffee Nations Push For Intra Continental Trade Of Coffee Products

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By Spy Uganda

Delegates from Africaโ€™s 25 coffee-producing countries met in the Ugandan capital of Kampala with the aim of influencing the African Union to make coffee a priority crop on the continent that will pull millions of people out of poverty.

Experts argue that once the continentโ€™s political leadership understands the power of coffee in transforming economies, it will bolster the continentโ€™s efforts to internally trade the โ€œstrategic commodityโ€ but also speak with a united force on the international market.

The meeting, dubbed the 2nd G-25 Heads of State Africa Coffee Summit, convened from Aug 7 to Aug 10 under the theme โ€œTransforming the African Coffee Sector through Value Addition,โ€ which is in line with the theme of the 2023 African Union agenda that focuses on accelerating the implementation of the African Continental Free Trade Area (AfCFTA).

Ezra Suruma, Ugandaโ€™s former finance minister and an economist,says that the 25 coffee-producing countries meeting together to speak with one voice is a major step in efforts to influence the international market.

โ€œComing together like for example petroleum countries have been coming together and influencing, we would also have more influence on the product that we have,โ€ Suruma said.

Ugandan President Yoweri Museveni said at the meeting that Africa is losing a lot of income to the international market that continues to prefer taking coffee in its raw form. He told the delegates that out of the US$460 billion global coffee value, the coffee-producing countries only take US$25 billion and Africa gets only US$2.4 billion.

(www.wmpg.org)

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