The African Continental Free Trade Area (AfCFTA) has the potential to significantly empower women and young people, according to a detailed article by the United Nations’ Africa Renewal. This pan-African market is being actively championed by the African Union (AU), which is accelerating its implementation to direct the continent's energy towards initiatives that empower its youth and women.
Africa boasts the youngest population in the world, with over 400 million young people aged between 15 and 35. United Nations’ Africa Renewal highlights that this demographic, alongside women, forms the cornerstone of the AfCFTA's transformative potential.
The single continental market, one of the largest globally, is projected to increase intra-African trade by 52.3%. Furthermore, the World Bank estimates that the AfCFTA could boost Africa’s revenues by $450 billion by 2035, with intra-African exports expected to rise by over 81%.
African Manager