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Showing posts from April, 2023

Exporting under AfCFTA still a challenge for African companies posturing a significant threat to intra-regional trade.

  The African Continental Free Trade Area (AfCFTA) offers an opportunity for businesses to take advantage of vast market potential across the African continent. To maximize the benefits of AfCFTA, Africans need to unite and tackle the challenges that exist with the intention to have the Africa we want becoming a reality. the question is , Is Africa a nation or decimated nations at loggerheads? the answer to this question assist in the integration equation of our beloved continent.  The challenges include interalia - The fragmentation of markets due to different regulations, tariffs, and customs procedures across different RECs - The complexity of rules of origin and their different implementation across different RECs - The allegiance to former colonial powers among Lusophone, Francophone, and Anglophone countries within Africa that creates differences in regulatory standards across countries - The bureaucratic pathologies such as duplication of customs requirements, variations