Africa’s market of 1.2 billion people holds exciting opportunities for member states with experts advising that the greatest opportunity for realising the continent’s growth potential lies within Africa’s ability to trade and do business with itself.
Today marks exactly two months and four days since 44 African leaders signed up to a historic trade agreement aimed at paving the way for a liberalised market for goods and services across the continent.
Basking in this amplified version for unity of purpose, Zimbabwe joins the rest of Africa to celebrate a path well-carved to catapult economic transformation on the continent.
The African Continental Free Trade Area (ACFTA) agreement’s implementation could increase intra-African trade by 52 percent within the next four years, according to estimates by the UN Economic Commission for Africa (UNECA).
There is no doubt that the greatest opportunity to improving livelihoods in Africa is going to be premised on its ability to work together on its shared future.
This narrative is a shared vision by industrialists from other states who also have a buy in on the potential of growing intra-African trade from the measly figure of just 11 percent to more sustainable levels.
Under pinning Africa’s transformation is industrialisation which should largely be focused on value addition for its minerals and commodities.
An improved economic outlook for Africa means an end to poverty on the continent. But this will also entail tackling constraints faced by those living at the peripheries of the economic ladder, mainly the rural women, and youths.