Trade within AfCFTA worth $3.3trillion — AfDB
The African Development Bank , says the size of trade within the African Continental Free Trade Area is worth 3.3 trillion dollars.
According to a statement issued by the bank’s Communication and External Relations Department on Thursday, Mr Adesina said Africa had the largest free trade zone since the World Trade Organizations was established.He explained that Africa represented a massive business opportunity, adding “the world’s 12 fastest-growing countries are in Africa’’.
“It has also recorded the highest internet growth, from just 2.1 per cent in 2005, to over 24 per cent in 2018. By 2025, an estimated 300 million people will come online in Africa. The president said the growth was dramatic and would not stop there as the continent was building on this growth of mobile telephony to inaugurate a new wave of dynamic and more competitive digitally enabled businesses.
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