Trading under the African Continental Free Trade Area (AfCFTA) commenced in January 2021, creating a huge single market of 54 African states – all but Eritrea – of almost 1.4 billion people. It’s a game changer for Africa with the UN Economic Commission for Africa (UNECA) estimating (1) that AfCFTA has the potential both to boost intra-African trade by 52.3% by eliminating import duties, and to double this trade if non-tariff barriers are also reduced’. Jettisoning the trade barriers Prior to the AfCFTA, cross-border African trade was impeded by average tariffs of…
Read MoreThe role of railways in empowering AfCFTA’s success
