AfCFTA: Africa reopening for business and the role of DFI's
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As the African Continental Free Trade Agreement (AfCFTA) becomes effective from 1 January 2021, our podcast panel explores what is required to bring about this enhanced regional cooperation, how the various member states can unlock the envisaged benefits and the important role that the Development Finance Institutions can plan within the broader ecosystem.
In 2019, the African Union agreed to create a free trade zone on the continent, the largest since the World Trade Organisation was formed. The African Continental Free Trade Area aims to reduce trade tariffs, create jobs, and generally enhance regional cooperation. AfCFTA aims to add USD3,4 million in wealth creation, a 50% increase in Intra Africa trade by 2030, and unite 1.3 billion people.
In 2019, the African Union agreed to create a free trade zone on the continent, the largest since the World Trade Organisation was formed. The African Continental Free Trade Area aims to reduce trade tariffs, create jobs, and generally enhance regional cooperation. AfCFTA aims to add USD3,4 million in wealth creation, a 50% increase in Intra Africa trade by 2030, and unite 1.3 billion people.
