AfCFTA: Is the common market on the right track?

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The African Continental Free Trade Area is entering its test phase and is making progress. But the hurdles are far from being cleared.

South African President Cyril Ramaphosa beats a ceremonial drum during the first shipment under the African Continental Free Trade Area at the port of Durban, 31 January 2024. © REUTERS/Rogan Ward

With confidence, Cyril Ramaphosa cut the red ribbon; a symbolic gesture on an “historic” day. On 31 January, South Africa, the most industrialised country on the continent, exported its first cargo under the African Continental Free Trade Area to Ghana and Kenya. The official ceremony took place on the docks of the port of Durban. The container – ready to be loaded onto theEcobank tops $2bn revenue mark, cements leading role in Africa

Ecobank’s strategy of geographic and sector diversification is bearing fruit as the Lomé-based group remains the financial benchmark on the continent.Niger has raised $733m on the West African Economic and Monetary Union’s financial market to pay off its debts. The high interest rates could ...Lawmakers warn that stringent regulations for the production, transportation and management of the value chain are crucial for the successful transiti...

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