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Turning the African Continental Free Trade Area into an International Business Success Story: Lessons from Inside and Outside Africa

Year: 2025

Type: article

Abstract: The African Continental Free Trade Area (AfCFTA) is a landmark initiative with the potential to significantly boost trade and investment. Its implementation promises to create a more integrated and prosperous Africa by facilitating the free movement of goods, services, and capital. However, integration efforts are inherently challenging, particularly in Africa, with many countries exhibiting diverse economic, political, and social characteristics. In this paper, drawing on lessons from Africa’s regional economic communities and European integration, we forward recommendations for African policymakers to strengthen institutional frameworks and ensure a more equitable distribution of gains, and for managers to leverage opportunities from AfCFTA.

Source: AIB Insights

DOI: 10.46697/001c.137462

Authors: Roger Fon, Yamlaksira S. Getachew, Michael J. Mol

Institutions: Northumbria University, Babson College, Copenhagen Business School, University of Birmingham

Language: English

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Partnerships for the goals, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4410614904