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AfCFTA offers opportunities for youth, women-led firms

Summary The AfCFTA was to commence on July 1, 2020, but due to the Covid-19 pandemic, it was deferred to give African countries ample time to contain the spread of the coronavirus. The launch of AfCFTA is historic because it is the largest free trade area in the world by virtue of the number of participating countries since the development of the World Trade Organisation. The agreement establishing the AfCFTA was signed by leaders from 44 African countries at the AU Summit held in Rwanda in March 2018. On January 1, 2021, African countries officially opened their markets under the Africa Continental Free Trade Area (AfCTA) pact and duty-free trading of goods and services across borders.

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