How Africa’s AfCFTA agreement will impact startups and policymakersSimodisaPortal
From January 1, 2021, Africa is ushering in a new economic era with the implementation of the African Continental Free Trade Area (AfCFTA) Agreement. The agreement was to be implemented in July 2020 but was suspended because of the global pandemic.
Several pundits and major organisations have lauded the initiative, but it presents tough questions for policymakers and huge opportunities for startups and innovators in Africa.
The AfCFTA Agreement is a pact that involves the 55 member states of the African Union looking to create a single continent-wide market for goods and services and facilitate capital movement.
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