https://en.sputniknews.africa/20241218/can-worlds-largest-free-trade-agreement-double-intra-african-trade-in-5-years-1069759905.html
Can World’s Largest Free Trade Agreement Double Intra-African Trade in 5 Years?
Can World’s Largest Free Trade Agreement Double Intra-African Trade in 5 Years?
Sputnik Africa
With a single market of over 1.3 billion people and a combined GDP of $3.4 trillion, the African Continental Free Trade Area (AfCFTA) aims to transform Africa... 18.12.2024, Sputnik Africa
2024-12-18T09:35+0100
2024-12-18T09:35+0100
2024-12-18T09:55+0100
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Can World’s Largest Free Trade Agreement Double Intra-African Trade in 5 Years?
Sputnik Africa
With a single market of over 1.3 billion people and a combined GDP of $3.4 trillion, the African Continental Free Trade Area (AfCFTA) aims to transform Africa into an economic powerhouse through infrastructure development, capital mobilization, and policy coordination, unlocking the continent's full growth potential in just five years.
Africa's growing youth population can provide a large workforce for production and, if properly trained, generate significant market demand. To harness this potential, Africa should prioritize education and training tailored to its needs, particularly in agriculture and other productive sectors, notes Kalu Ojah, Professor of Finance at Wits Business School, University of the Witwatersrand, Johannesburg, South Africa, in an interview with African Currents.Discover more insights from our guest on the African Currents podcast, proudly presented by Sputnik Africa.You can find our episodes not just on the website but also on Telegram.► You can also listen to our podcast on Apple Podcasts, Spotify, Deezer, Pocket Casts, Afripods, Podcast Addict.► Check out all the episodes of African Currents
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Can World’s Largest Free Trade Agreement Double Intra-African Trade in 5 Years?
09:35 18.12.2024 (Updated: 09:55 18.12.2024) With a single market of over 1.3 billion people and a combined GDP of $3.4 trillion, the African Continental Free Trade Area (AfCFTA) aims to transform Africa into an economic powerhouse through infrastructure development, capital mobilization, and policy coordination, unlocking the continent's full growth potential in the next five years.
Africa's growing youth population can provide a large workforce for production and, if properly trained, generate significant market demand. To harness this potential, Africa should prioritize education and training tailored to its needs, particularly in agriculture and other productive sectors, notes Kalu Ojah, Professor of Finance at Wits Business School, University of the Witwatersrand, Johannesburg, South Africa, in an interview with African Currents.
"It [Africa's youth bulge] presents two advantages. One is: it's a potential huge source of production input in terms of human capital. The second part is: if that human capital is carefully developed successfully, it also creates a source of market demand. So, the splintered market that the free trade area is designed to create - a large scale market - that would benefit from higher demands coming from this demographic advantage of the youth bulge. Strategically, the steps will be to leverage the youth by evolving education and training that is in the African context," Professor Ojah says.
Discover more insights from our guest on the African Currents podcast, proudly presented by Sputnik Africa.
You can find our episodes not just on the website but also on
Telegram.► Check out all the episodes of African Currents 
