The African Continental Free Trade Area (AfCFTA), established in 2018, will create the world’s largest free trade area, bringing transformative change and tremendous opportunity to African economies and business environments. Its adoption and implementation will accelerate intra-African trade and develop regional and local value chains, creating new business dynamics that offer investors access to a population of 1.7 billion people with combined business and consumer spending reaching $6.7 trillion by 2030.
Global businesses have an important role to play in accelerating the implementation of the AfCFTA. This report outlines high-potential sectors, initiatives to support business and investment, operational tools to facilitate the AfCFTA, and illustrative examples from successful businesses in Africa to guide businesses in successfully entering and expanding in this area
African Free Trade Area can herald $12 billion growth for the continent’s automotive industry
Transformative change is underway in the African automotive industry as trade begins under the African Continental Free Trade Area (AfCFTA).
In Africa’s free trade area, investment in pharmaceuticals means impact and profit
The COVID-19 pandemic brushed away any doubt as to the importance of functioning and productive pharmaceutical industries.
Africa's logistics sector set to deliver results as free trade agreement kicks in
African logistics have struggled to cater to the country’s growing population and dynamic private sector for far too long. New research suggests that is about to change — and the benefits...