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African free trade bloc opens for business. This is the Birth Of Africa's USA

Ndindu

Village Elder
#1
54 African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic.

But experts view the New Year's Day launch as largely symbolic with full implementation of the deal expected to take years.

The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization.

Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035.

But obstacles - ranging from ubiquitous red tape and poor infrastructure to the entrenched protectionism of some of its members - must be overcome if the bloc is to reach its full potential..

Now we only need 1 currency and 1 passport

https://www.reuters.com/article/afr...-business-but-challenges-remain-idUSL8N2JB1TK
 

magazine

Village Elder
#2
54 African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic.

But experts view the New Year's Day launch as largely symbolic with full implementation of the deal expected to take years.

The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization.

Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035.

But obstacles - ranging from ubiquitous red tape and poor infrastructure to the entrenched protectionism of some of its members - must be overcome if the bloc is to reach its full potential..

Now we only need 1 currency and 1 passport

https://www.reuters.com/article/afr...-business-but-challenges-remain-idUSL8N2JB1TK
so comb me, can we import stuff cheaply from Nigeria or S.A.? what about comesa and sadc? ecowas? deals? ' or it's just another illusion.
 

Tom Bayeye

Village Chief
#5
Non-starter like the AU.

Haiendi mahali as long as parasites exist throughout the continent. And they're many.

I can't wait to watch Magufuli put the delusions of this imaginary union to rest at Namanga when he bans/burns Kenyan agricultural produce at the border.
Achome vifaranga tena:D:D:D:D
 

Jaweed

Village Elder
#9
54 African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic.

But experts view the New Year's Day launch as largely symbolic with full implementation of the deal expected to take years.

The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization.

Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035.

But obstacles - ranging from ubiquitous red tape and poor infrastructure to the entrenched protectionism of some of its members - must be overcome if the bloc is to reach its full potential..

Now we only need 1 currency and 1 passport

https://www.reuters.com/article/afr...-business-but-challenges-remain-idUSL8N2JB1TK
Hapo kwa one currency na passport ina come through..... Me having home in Senegal, estate in Niger, Grocery in Egypt
 
#11
54 African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic.

But experts view the New Year's Day launch as largely symbolic with full implementation of the deal expected to take years.

The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization.

Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035.

But obstacles - ranging from ubiquitous red tape and poor infrastructure to the entrenched protectionism of some of its members - must be overcome if the bloc is to reach its full potential..

Now we only need 1 currency and 1 passport

https://www.reuters.com/article/afr...-business-but-challenges-remain-idUSL8N2JB1TK
As good as it sounds , There isn’t much infrastructure to support this.. especially in central Africa and in the Sahel region.
 

Cheza juu

Village Elder
#15
This ting is good because it will cause the collapse of poor leadership in africa.

Hakuna venye magufuli like behaviours will be tolerated,we shall raise money and bail someone to take over biashara inoge.
 
#18
Good stuff. But one currency is a big no.
I was actually looking at some opportunity from TZ.
The currency part is funny.

Like any African President, used to printing currency in elections would willingly give up their source of looting and financial mismanagement.

On top of that, what is the backing of this currency and who controls that backing of the currency?

Who prints the currency and who gets access to it?

Ndoto mingi sana for a group of people that have failed in every economic bloc they've created- EAC, SADC, PTA/COMESA, ECOWAS etc
 

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