The World Bank, which is satisfied with the progress that the DRC has made in terms of governance and economic reforms, plans to accelerate its ... financing projects, its vice-president, Hafez Ghanem, tells The Africa Report.
The centre aims to provide practical import, export and transit information to importers and exporters at the border and also assist traders to know the requirements, leading to improved trading activities and transportation across the sub-region.
It will also help identifying the causes of delays and harassment that stakeholders face, to inspire action to address them.
Economic growth is a key pillar to the US government’s Africa development policy
Trade experts have indicated that reducing West Africa’s transport costs, which are among the highest in the world, could significantly expand trade and lift millions of people out of poverty.
Transport ministers of both nations inaugurated the centre, which is the fifth to be opened, modeled on the success of the other four border information centres such as Benin-Nigeria, Burkina Faso-Ghana, Ghana-Togo, Senegal-Mali.
The US Ambassadors to Côte d’Ivoire and Ghana assisted the two ministers in opening the centre.
It says the USAID Business Environments for Agile Markets and the USAID West Africa Trade Hub in close collaboration with the Ivoirian Shippers’ Council and the Ghana Shippers’ Authority are implementing the new centre.
The Borderless Alliance, a private sector-led coalition of regional trading companies established in 2011, is also supporting the centres.
“Economic growth is a key pillar to the US government’s Africa development policy.
“The Border Information Center initiative, launched with Ecowas and other partners, represents our commitment to working alongside African countries to promote and advance sustained economic development and growth,” US ambassador Phillip Carter III said.
The new centre opens on Monday through to Friday from 0900 GMT to 1700 GMT.
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