Impact of Delayed Africa Free Zone Activation

The African Continental Free Trade Area (AfCFTA) still faces delays in its full implementation, despite seven years having passed since its inception. This hampers the promotion of intra-African trade and the achievement of the expected economic growth. Estimates indicate that these delays could result in losses of hundreds of billions of dollars by 2043, weakening the continent's ability to realize greater benefits through the free movement of goods and services among member countries. Experts warn that continued setbacks hinder Africa’s ability to harness its enormous potential, limit the development of regional value chains, and lead to over-reliance on external powers, resulting in market fragmentation across the continent.

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