https://en.sputniknews.africa/20250320/afcfta-expected-to-boost-africas-gdp-by-12-by-2045-report-says-1071182632.html
AfCFTA Expected to Boost Africa's GDP by 1.2% by 2045, Report Says
AfCFTA Expected to Boost Africa's GDP by 1.2% by 2045, Report Says
Sputnik Africa
The 57th session of the Economic Commission for Africa, including the Conference of Ministers (COM2025), took place from March 12 to 18 in Addis Ababa... 20.03.2025, Sputnik Africa
2025-03-20T16:43+0100
2025-03-20T16:43+0100
2025-03-20T16:43+0100
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united nations (un)
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african continental free trade area (afcfta)
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The African Continental Free Trade Area (AfCFTA) is projected to boost Africa's GDP by 1.2% and increase the region's welfare by 0.9% by 2045, according to the report published at the 57th session of the United Nations Economic Commission for Africa, held in Addis Ababa from March 12 to 18.Actions required to support the region, according to the report: The document noted that high inflation, budget deficits, and debt vulnerability remain significant obstacles to growth.
https://en.sputniknews.africa/20250318/afcfta-secretary-general-pushes-for-trade-aggregators-to-boost-intra-african-trade-1071145579.html
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africa, addis ababa, economy, ethiopia, united nations (un), gdp, trade, african continental free trade area (afcfta), development, investment, transportation, market, debt
africa, addis ababa, economy, ethiopia, united nations (un), gdp, trade, african continental free trade area (afcfta), development, investment, transportation, market, debt
AfCFTA Expected to Boost Africa's GDP by 1.2% by 2045, Report Says
Ekaterina Shilova
Writer / Editor
The 57th session of the Economic Commission for Africa, including the Conference of Ministers (COM2025), took place from March 12 to 18 in Addis Ababa, Ethiopia. It centered on advancing the African Continental Free Trade Area and addressed digitalization, technology, food security, and energy transformation.
The
African Continental Free Trade Area (AfCFTA) is projected to boost Africa's GDP by 1.2% and increase the region's welfare by 0.9% by 2045, according to the report published at the 57th session of the United Nations Economic Commission for Africa, held in Addis Ababa from March 12 to 18.
Actions required to support the region, according to the report:
Invest $120.83 billion in transport equipment by 2030;
Simplify rules to improve market access and stimulate innovation;
Facilitate trade by streamlining customs procedures and reducing non-tariff barriers.
The document noted that high inflation, budget deficits, and
debt vulnerability remain significant obstacles to growth.
