The African Continental Free Trade Area (AfCFTA) presents a major opportunity for African countries to reduce poverty, boost incomes, accelerate growth, attract foreign direct investment, and diversify exports. P Payce Madden Senior Research Analyst - Africa Growth InitiativeThe effects of the AfCFTA, however, differ significantly by country and area of policy reform (Figure 1). The report estimates that the highest income gains will occur in Côte d’Ivoire, Zimbabwe, Kenya, and Namibia, which would see income gains of over 10 percent each by 2035. In contrast, countries such as Madagascar, Mozambique, and Malawi would see income gains of less than 3 percent. Effects of AfCFTA on wages by genderSource: World Bank, The African Continental Free Trade Area: Economic and Distributional Effects, 2020

Source: The North Africa Journal September 02, 2020 11:37 UTC