Last year the first Africa-Caricom Summit was held virtually among the leaders of the two regions on September 7, 2021. They committed to deepening ties and enhanced cooperation among the governments to explore the blue economy and foster increased trade and investment and the expansion of transportation links between the two regions.
The Jamaican Observer now reports that the Caricom Secretariat has been working on a program of activities and specific projects, among which is a Caricom/Africa public-private partnership to mobilize investments in renewable energy, and creative industries, and digital technology.
There has been a late awakening to Africa’s economic potential. A number of innovative initiatives have sparked attention. They agreed to strengthen ties and promote government cooperation in order to investigate the blue economy, encourage increased trade and investment, and expand transportation linkages between the two regions.
Marcus Garvey urged Africans and their diasporas to pool their resources in order to improve their living standards and gain freedom. He urged that the capital of African-Americans in North America, the skills of the Caribbean, and the land and raw materials of Africa could all be used in international trade. Although there are few economic ties, there is a huge amount of untapped potential.
