Despite impressive progress in the negotiations, it is still not possible to trade under the AfCFTA as the negotiations of preferential tariff concessions and rules of origin have not been completed.
The entrepreneurial uptake of computer technology and the entrenchment of digitisation have made Africa a demonstrable source of intellectual power in the digital sphere.
The African Continental Free Trade Area (AfCFTA) will transform the way Africa trades, with intra-African trade expected to increase by 15-25 per cent, and the boost to trade in industrial goods accelerating diversification of Africa’s economies.
Increasing trade between African countries offers great potential for building sustainable economic development and integration, including creating higher-wage jobs and unlocking greater business opportunities