Africa free trade: $1b fund to offset losses

What you need to know:

  • The adjustment facility from Afreximbank hopes to smoothen the phasedown of tariffs from next year.
  • The AfCFTA has already been ratified by 27 of Africa’s 55 countries, with Eritrea the only one yet to sign.
  • The agreement seeks to remove tariffs on more than 90 per cent of goods traded within the continent by 2025.