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Manufacturers bet big on Africa trade pact
Nigerian President Muhammadu Buhari signs a landmark free trade agreement ahead of the African Union summit at the Palais des Congress in Niamey on July 7. The African Continental Free Trade Area was officially launched at the summit. PHOTO | AFP \ ISSOUF SANOGO
Kenya’s manufacturing sector is betting big on the proposed Africa-wide trade pact that will provide access to what has been described as the biggest market in the world.
Nigeria became the latest member to sign the landmark agreement, which aims to increase trade among African countries. With Eritrea as the only African country not to be part of the trading bloc, the potential for the regional initiative to transform the economies of the member states looks pretty real.