Jun 9 2023
Value addition will rev up Africa’s economic growth
Photo courtesy of Business Daily
African countries can leverage the African Continental Free Trade Area (AfCFTA) to boost value addition. AfCFTA, established in 2021, creates a single market for goods and services, allowing free movement across the continent.
By eliminating tariff barriers and expanding market access, African countries can diversify their economies and enhance their value-addition capacity.
For instance, Kenya can leverage AfCFTA to increase exports of processed agricultural products such as coffee, tea, and horticulture.