Heads of States and government pose for a photo session at the end of the closing ceremony of the African Union summit at the Palais des Congres in Niamey, on July 8, 2019. PHOTO | ISSOUF SANOGO | AFP
Countries moving to ratify the African Continental Free Trade Area, that was launched last week will be insured from revenue losses under a $1 billion adjustment facility.
The funding from the African Export-Import Bank (Afreximbank) hopes to smoothen the phasedown of tariffs from next year once an African Union taskforce completes pending work on rules of origin, a regular deal-breaker in free trade.
