AfCFTA outlook for African businesses

What you need to know:

  • AfCFTA is a flagship project within Agenda 2063 of the African Union-AU- a 50-year master plan to transform Africa into the “powerhouse of the future”.
  • The African Development Bank (AfDB) projects the impact of the full implementation of AfCFTA to accelerate growth of businesses and countries through a competitive continental market.
  • All these intentions and projections are good for Africa but for true gains to accrue, businesses across Africa have to understand this important milestone and position themselves to take full advantage of its opportunities.