AfCFTA drives optimism among Africa’s CEOs despite COVID-19 uncertainty | The Guardian Nigeria News


LAGOS, Nigeria, 14th December 2021 -/African Media Agency(AMA)/- African CEOS expressed optimism about their business and economic growth over the next 12-18 months. A new survey of African CEOs from 46 countries conducted by PAFTRAC, the Pan-African Private Sector Trade and Investment Committee, found that found that CEOs were confident that their businesses will grow in the next year. A majority are also optimistic about the economic outlook of their industry. In addition, 87% of respondents believe that there will be in increase in intra-African trade as a result of the African Continental Free Trade Agreement.

The CEOs believe that the global recovery led by greater demand will drive Africa’s economic recovery. Interestingly, their positivity stems more from their faith in international and regional trade strategies and agreements such as enhancement of trading opportunities through AfCFTA, rather than as a result of national economic recovery strategies like ease of…

Source: Guardian Newspaper

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