Why the African continental free trade area is a game changer for business
The African Continental Free Trade Area (AfCFTA) was signed by 44 of the African Union’s 55 member states in Kigali, Rwanda, on March 21, 2018. PHOTO | FILE
The World Bank reports that, the AfCFTA presents an opportunity to bring 30million out of extreme poverty and raise the income of 68million who currently live on less than $5.50 per day. In the East African region, it is expected that 4.8 million people will be lifted out of extreme poverty.
The implementation of AfCFTA will also help to usher in the kind of deep reforms necessary to enhance long term growth in African countries.
