Africa made history with the formation of the African Continental Free Trade Area (AfCFTA) agreement which negotiation commenced on June 15, 2015 in Johannesburg with the Treaty signed on March 21, 2018 in Kigali.
It was expected that trading activities under this framework would commence in July 2020 but the global pandemic and shutdown of national economies frustrated the plan.
A World Bank report suggests that the manufacturing sector is to experience the highest participation under the AfCFTA.
Thus, countries with an improved manufacturing sector and high production capacity are more poised for this comparative advantage. Read More.