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African leaders meet to push for free trade zone

AfCFTA deal

African heads of states and governments pose during African Union (AU) Summit for the agreement to establish the African Continental Free Trade Area in Kigali, Rwanda, on March 21, 2018. 

Photo credit: STR | AFP

What you need to know:

  • AfCFTA's plan is to boost intra-African trade by 60 percent by 2034 by eliminating almost all tariffs, creating an economic bloc of 1.3 billion people with a combined gross domestic product of $3.4 trillion.
  • This year's summit comes at a "delicate moment" for Africa, according to the International Crisis Group (ICG) think tank, citing Ethiopia's nascent peace process, conflicts in the Democratic Republic of Congo, the Sahel region, South Sudan and jihadist insurgencies in Somalia and Mozambique.

Nairobi,

Three years ago, amid a blaze of optimism, African leaders officially launched a new continent-wide free trade area after 17 years of haggling.