In collaboration with Deloitte
On 1 January 2021, the African Union launched the African Continental Free Commerce Space (AfCFTA). This Regional Motion Group for Africa report is a part of a collection investigating 5 precedence pathways to drive financial restoration and construct resilience within the context of the AfCFTA Settlement. It explores two priorities: first, unlocking manufacturing to mitigate international supply-chain dangers; and second, leveraging integration and regional worth chains. It additionally evaluations intra-African commerce and present African efforts to liberalize commerce within the continent, analyzing unlock manufacturing capability to satisfy native and international calls for in strategic sectors, specializing in the automotive trade.
The launch of the African Continental Free Commerce Space (AfCFTA) on 1 January 2021 brings a brand new window of alternative for Africa to ramp up its manufacturing sector. This report seems to be at two precedence pathways to get there.