The ECA's Country Business Index – a tool to enhance private sector's role in AfCFTA implementation

Africa should accelerate the full implementation of the African Continental Free Trade Area while creating a conducive business environment to attract private sector participation in one of the largest free trade areas in the world, experts have urged.

Recently, the ECA held an Expert Group Meeting to present the methodology and findings of the Index to inform the implementation of the African Continental Free Trade Area . Senior Policy Officer, Integration and Trade, African Union Commission Mr. Manasseh Ntaganda, emphasized that the ACBI work will complement the AU activities under the 2023 theme to ‘accelerate the AfCFTA implementation moving forward African Integration Agenda’. He highlighted the importance of a favourable environment for the private sector to drive inclusive and sustainable development in Africa.

Research by the ECA shows that industry and services, mainly transport and tourism are expected to make the most gains from the AfCFTA.

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