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What is AfCFTA?

Simply explained, the African Continental Free Trade Area (AfCFTA) has
created a single market for goods and services across Africa – and the statistics
are impressive:

  • AfCFTA has created the second largest by number of member states and largest by population free trade zone in the world by number of member countries
  • It connects almost 1.4 billion people across 54 countries
  • It is expected to increase Africa’s exports by $560 billion
  • It will spur wage gains, especially for women (up to 10.5%)

How can AfCFTA impact your business?

If you’ve been considering accessing new markets across Africa, now is the time to act. These are just some of the major ways that the AfCFTA can positively impact your business:

  • No customs tariffs on most goods/services
  • Makes it easier to participate in the continent's value chains
  • Easier to find new trading partners across Africa
  • Increased value addition to your products

Seize the AfCFTA opportunity – starting today

At Ecobank, we are committed to make the AfCFTA initiative a success. We have now launched the Ecobank Single Market Trade Hub to help your business take advantage of the trading opportunities the AfCFTA offers.

You can enjoy the following benefits:

  • MyTradeHub – upload your business profile and connect with importers and exporters across Africa to trade goods and/or services in new markets
  • Expertise on AfCFTA – access Ecobank’s AfCFTA information ressources, what it means for your business and gain tips on how to enter new markets
  • Trade and payment solutions – whether you’re an importer or exporter, we can support your activities across Africa
Sign up to MyTradeHub