African businesses are gearing up for the opening of the 1.2 billion people market, amid challenges on tariff concessions, rules of origin and trade in services.
The African Continental Free Trade Area (AfCFTA), which brings together 55 countries with a combined gross domestic product of $3 trillion, had initially been scheduled to be launched on July 1. The implementation was postponed for six months due to the Covid-19 pandemic that led to restricted movement and lockdowns.