Stakeholders seek options for maximising AfCFTA With a growing population, huge energy demand and projected industrial and agricultural boom, cross-border infrastructural deficits, funding gaps, smuggling, and lack of harmonized taxes are critical bottlenecks limiting the growth of Africa’s downstream petroleum, stakeholders have said. x
Except the price differential challenge is addressed, energy experts have insisted that the gains of the African Continental Free Trade Area (AfCFTA) in the downstream sector of the continent’s petroleum industry may remain a mirage.
The experts, who gathered at the Ghana International Petroleum Conference stressed that challenges bedeviling local capacity and distribution of petroleum products across the continent may mar the gains of AfCFTA.