Africa will earn over $70bn from internal trading – AfCFTA

The Africa Continental Free Trade Area has revealed that Africa will earn more than $70 billion development assistance from internal trading.

The Chief of Staff of the AfCFTA Secretariat, Silver Ojakol, made the assertion at the 2023 Regional Integration Issues Forum which was held in Accra, Ghana.

The RIIF is a sensitisation mechanism and an interface platform for stakeholders involved in regional integration and continental trade initiatives.

The 2023 RIIF aimed at increasing awareness of the AfCFTA and its benefits for SMEs as well as to strengthen SMEs’ capacity to engage in intra-African trade.

According to AfCFTA, large earnings would be initiated if the Small and Medium Enterprises collaborate and embrace the tenets of AfCFTA to overcome trade barriers.

Ojakol, who spoke on behalf of the AfCFTA Secretary General, Wamkele Mene, emphasised the importance of the AfCFTA for SMEs, noting that the agreement was not for big corporations.

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Comfort Samuel

I work with TV360 Nigeria, as a broadcast journalist, producer and reporter. I'm so passionate on what I do.

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