Friday, July 29, 2016

Friday, July 29, 2016



The Britain voting to cancel its membership to the European Union which is known as Brexit, is felt as a shock in all African countries.
According to many analysts, African economies will be largely affected by this unexpected decision which has already brought uncertainty in the future of business and trade deals in the continent. Sharan Burrow, General Secretary of ITUC says:
'Unions are deeply concerned about this situation which put African economies at risk and will provoke massive loss of revenues for millions of workers and their families in the continent.'
'The ITUC, therefore, urges EU and UK governments to open up fair and genuine negotiations with African governments in order to take appropriate measures that ensure that economies of the continent will remain stable during the transition period. '
'Key economic areas like raw materials exploitation, agriculture, tourism and banking, among others, could be deeply affected in countries like South Africa, Nigeria, Kenya, Angola and Uganda. Likewise, other countries with weaker economies potentially lack resilience to survive in such situation.'

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