The Consorci de la Zona Franca de Barcelona (CZFB) emphasized the importance of special economic zones (SEZs) for accelerating industrialization in Africa during the Cumbre de Cooperación África‑España. CZFB
- The conference gathered more than 400 leaders from over 30 African countries, focusing on key issues such as investment, infrastructure modernization, financing, cooperation, energy, and environment. CZFB+1
- According to the article, Africa currently hosts 237 special economic zones across 38 of its 54 countries — and the expectation is that more will be established to foster economic growth and local development. CZFB+1
- CZFB’s representative, Pere Navarro, described “free zones” as among the most important catalysts for foreign investment, vital for regional economic revitalization. He argued that SEZs play a key role in boosting economic growth, integrating regional economies, and enhancing global economic ties. CZFB+1
- Moreover, the article notes that the African Continental Free Trade Area (AfCFTA) supports the establishment and functioning of these zones — viewing them as fundamental instruments to achieve sustainable economic growth, industrial investment, job creation, improved competitiveness and stronger trade integration across Africa. CZFB+1
In short, CZFB argues that expanding special economic zones in Africa is a powerful strategy to attract investment, foster industrialization, and accelerate economic development across the continent.
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