African free trade area to boost income by $450bn

30 July 2020

The African Continental Free Trade Area (AfCFTA) could boost regional income by 7% or $450bn and help 30m people escape poverty by 2035, according to the World Bank.

The gains the trade agreement could provide would help compensate for estimated $79bn in output losses caused by the coronavirus pandemic in Africa in 2020, the World Bank said in a report.

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