African leaders launched a continental free-trade zone on Sunday that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development.
After four years of talks, an agreement to form a 55-nation trade bloc was reached in March, paving the way for Sunday’s African Union summit in Niger where Ghana was announced as the host of the trade zone’s future headquarters and discussions were held on how exactly the bloc will operate.
It is hoped that the African Continental Free Trade Area (AfCFTA) – the largest since the creation of the World Trade Organization in 1994 – will help unlock Africa’s long-stymied economic potential by boosting intra-regional trade, strengthening supply chains and spreading expertise. READ MORE
Similar Posts:
- Africa’s Consumer Market Potential: Trends, Drivers, Opportunities and Strategies (Brookings Institution)
- Africa’s Oil & Gas Scene After the Boom: What Lies Ahead (Oxford Energy Forum)
- Africa Rising: The Hopeful Continent (Wellington Management)
- Africa’s Smaller Stock Markets Plan to Join Forces (Yahoo! Finance)
- YPO CEO Survey: Africa CEO Confidence at 5-year Low (YPO)
- Opportunities on the African Continent: A Balancing Act (Franklin Templeton)
- Frontier Markets Post-pandemic (Capital Group)
- ETFs Add to African Access (S&P Global)
- Investors Exit Africa for Other Frontier Markets (WSJ)
- 2017 Global Retail Development Index (ATKearney)
- The “Next Eleven” and the World Economy (The Asset)
- How Big is Africa’s Car Market? (African Executive)
- China Plans $3.8 billion Rail Link Between Kenya’s Mombasa and Nairobi (AFP)
- South Africa’s Key Economic Sectors (Brand South Africa)
- Opportunities in the Next “Emerging” Emerging Market of Africa (Franklin Templeton)
