Continental Free Trade: AFDB Says Central Africa Will Benefit Most - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
June 12, 2019
The African Development Bank AfDB said that Central Africa stood to benefit the most from the African Continental Free Trade Area AfCFTA.
AfDB’s Director of Research, Hanan Morsy said this at the inauguration of one of the bank’s flagship reports at the ongoing 54th Annual Meetings in Malabo.
She said that Central Africa’s real income could increase by seven per cent in the 2019 African Economic Outlook.
According to her, the current levels of growth are not enough to generate jobs for millions of unemployed Africans.
Morsy, however, said that regional integration could stimulate the growth needed to make an impact on unemployment.
A representative from Niger, Aichatou Kane said the Economic Community of West African States, ECOWAS was in the fast lane of integration and planned to have its own currency in 12 months.
Burkina Faso, Zimbabwe, and Tanzania agreed that integration would help the continent remain relevant as a global economic player.