WASHINGTON - TelAve -- Osaretin Agbonavbare, a renowned entrepreneur, has publicly endorsed Dr. Akinwumi Adesina's vision for a single African economy. This endorsement comes after Agbonavbare's book launch, "The Afro Coin: Uniting Africa's Economy," which proposes a single African currency to facilitate economic integration.

Agbonavbare's support is significant, bringing together two prominent voices advocating for African economic integration. Dr. Adesina, President of the African Development Bank, emphasizes increased economic cooperation and integration to drive growth across the continent.

In his book, Agbonavbare presents a compelling case for the Afro Coin, highlighting its potential to reduce transaction costs, increase trade, and promote economic development. He outlines a phased implementation plan, involving a continental monetary authority and gradual introduction of the Afro Coin alongside existing national currencies.

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Dr. Adesina's vision aligns closely with Agbonavbare's proposals, emphasizing economic cooperation, integration, and a continental monetary authority. The African Development Bank has taken significant steps towards economic integration, including the African Continental Free Trade Area (AfCFTA) and a continental infrastructure plan.

The endorsement boosts momentum for African economic integration, highlighting growing support and commitment from key stakeholders. Agbonavbare notes that a single African currency is critical for economic integration and growth.

A single African economy would facilitate trade and investment, reduce transaction costs, and promote economic development. It would also increase African countries' bargaining power and influence globally.

However, achieving this requires significant efforts and cooperation from African countries. It demands a continental monetary authority, a single currency, and harmonized economic policies.

Despite challenges, Agbonavbare and Dr. Adesina remain optimistic. They believe Africa can achieve economic integration with the right policies and institutions.

In conclusion, Agbonavbare's endorsement of Dr. Adesina's vision is a significant development in African economic integration. It highlights growing momentum and demonstrates key stakeholders' commitment to making this vision a reality.