Continental Free Trade: AfDB Says Central Africa Will Benefit Most - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
June 12, 2019
The AfricanDevelopment Bank AfDB said that Central Africa stood to benefit the most fromthe African Continental Free Trade Area AfCFTA.
AfDB’s Director ofResearch, Hanan Morsy said this at the inauguration of one of the bank’sflagship reports at the ongoing 54 Annual Meetings in Malabo.
She said that CentralAfrica’s real income could increase by seven per cent in the 2019 AfricanEconomic Outlook.
According to her, thecurrent levels of growth are not enough to generate jobs for millions ofunemployed Africans.
Morsy, however, saidthat regional integration could stimulate the growth needed to make an impacton unemployment.
A representative fromNiger, Aichatou Kane said the Economic Community of West African States, ECOWASwas in the fast lane of integration and planned to have its own currency in 12months.
Burkina Faso,Zimbabwe, and Tanzania agreed that integration would help the continent remainrelevant as a global economic player.