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The future of trade in Africa
A ship offloads cargo at the Mombasa port. Africa has a bright future in international trade given its vast resources and abundant labour. FILE PHOTO | NMG
When the African Continental Free Trade Area (AfCFTA) was set up in 2018, member States aimed to enhance the region’s economic growth via inclusion and integration. Five years later, the deal has spearheaded trade in services, investment, and use of technology.
Additionally, there has been an increase in technical sophistication in manufacturing. This has created competitiveness and accelerated the pace of digitalisation that is driving productivity.