African states work on utopias that are important for development, one of them being the creation of a single currency to circulate throughout the African continent, argues analyst Calton Cadeado.
"We've reached a level of blockage that doesn't allow us to believe in the scope of this utopia within the 2063 agenda," said the analyst in an interview with the newspaper Sunday.
The analyst justifies his reservations because of the deficiencies in the functioning of African economies and the lack of an African central bank.
"Even in the SADC region, where there are 15 states, we haven't achieved trade integration or a single currency. This means that at continental level this objective is far from being achieved," he noted.
In his view, states must first ensure regional integration before striving for continental objectives.
"We are rushing to the mainland to the detriment of the economic regions," he noted.
The lecturer and researcher at Joaquim Chissano University also believes that the Free Trade Area is far from being implemented because the African states, members of the Organization of African Unity (AU), are too interested in security and democratic issues, to the detriment of commercial ones.
"I'm skeptical, like many AU states. Most are getting on board with the idea, but its implementation is still being hampered for various reasons, including the lack of an institutional legal infrastructure to ensure compliance with the rules," he said.
Other determining factors for the distance from the goal pointed out by the analyst are the economic disparities between nations, the political problems of each African region and the lack of consolidation of trade in each region.
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