African free trade zone expected to begin in 2020 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

“We have recommended to the summit that the actual date of trading should be the 1st of July 2020,” Albert Muchanga, in charge of trade and industry at the 55-nation bloc, told AFP.However, “the ministers of trade have accepted, so naturally you would expect that the head of states will.”

The launch of the African Continental Free Trade Area , 17 years in the making, will be the major focus at the AU summit. “The biggest benefit is you are removing the fragmentation of Africa,” Muchanga said, predicting an influx of foreign capital that would create jobs and prosperity. A billion US dollars in credit has been earmarked by the African Import and Export Bank for countries requiring support, he announced.

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