Trade pact could boost Africa’s income by as much as $450 billion: World Bank |


By making African countries more competitive and lifting some 68 million people out of moderate poverty, the Free Trade Area, or AfCFTA for short, has the potential to increase employment opportunities and incomes”,  saide the bank’s Chief Economist for Africa, Albert Zeufack.

The pact was brokered by the African Union, and entered into force at the end of May last year for the 24 countries that had deposited their instruments of ratification. However, according to news reports, it is unlikely to be implemented for several months, due to the disruptions caused by the coronavirus. The…



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