The African Continental Free Trade Area (AfCFTA) offers the continent a path to sustainable development, the need for which is only more heightened due to COVID-19’s economic fallout. But getting the 54 undersigned countries to coordinate and enact the
An extraordinary summit of the African Union (AU) on the AfCFTA is scheduled to be held in Kigali on March 17-21, where leaders of Africa's 55 countries are expected to sign an agreement to launch the AfCFTA, according to the AU. Munyeshyaka noted that the free trade area will also ...
From 25 July 2024, at least 14 countries within Eastern, Central, and Southern Africa will be technically open to trade under new, easier terms, following the ratification of theTripartite Free Trade Area(TFTA)Agreementthat incorporates the member nations of theEast African Community,theSouthern Af...
According to the AU, the AfCFTA "has laid the foundation" for what could be the world's largest free trade zone by the number of participating countries, covering a population of more than 1.2 billion, which is expected to grow to 2.5 billion by 2050, with a combined gross domestic produc...
. It was colonized mainly in the 18th and 19th centuries by Europeans and now comprises independent nations. The largest lake is Lake Victoria and the chief rivers are the Nile, Niger, Congo, and Zambezi. Pop: 1 100 000 000 (2013 est). Area: about 30 300 000 sq km (11 700 000 sq...
Africa's free trade area opens for business Wamkele Mene - Secretary-General of the AfCFTA Secretariat Trading under the continental free trade agreement started on 1st Jan. African countries opened their markets on 1st January under the continental free trade agreement and duty-free trading of ...
The African Continental Free Trade Area, which went into force in May, finally signed Africa's largest economy on Sunday.NigeriaPresident Muhammadu Buhari agreed to the landmark deal at the African Union summit in Niger after four years of negotiations. ...
The African Continental Free Trade Area and informal cross border trade: implications on socio-economic development in AfricaInocent Moyominnoxa.m@gmail.comView further author informationInocent Moyominnoxa.m@gmail.comView further author information...
the Africa Continental Free Trade Area (AfCFTA). This initiative will create a free market of 1.4 billion people, with enormous potential. Another key area for Africa is agriculture, where President Xi pledged to help modernize African agriculture by sending 500 experts to assist various countries....
The third trend is the development of free trade areas (FTAs) in Africa. While an internal FTA has achieved a breakthrough with the launch of the African Continental Free Trade Area (AfCFTA), the realization of the fu...