Africa Continental Free Trade Area

Total 4 Posts

Illicit capital outflows are robbing Africa of $88 billion every year

From 2000 to 2015, the total illicit capital flight from Africa amounted to $836 billion. Compared to Africa's total external debt stock of $770 billion in 2018, this makes Africa a β€œnet creditor to the world."

Africa has the potential to be a producer of digital technology

Africa is generally plagued by many problems, key among them being poverty. However, the continent has great potential. Here are a few key factors that hold the promise of a better future for Africa.

The African Continental Free Trade Area can help move innovation forward

It is the continent's growing and inventive startup ecosystem led by an innovative youthful educated workforce that will transform industry across Africa. Africa is a great place to build a business as there are genuine problems that can be solved with technology.

The new scramble for Africa

The key concerns underpinning growth and development in Africa remain power, infrastructure, and education. This is despite concerns around the negative effects of Brexit and the potential the Africa Continental Free Trade Area presents.