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World Journal of Advanced Research and Reviews
Article . 2025 . Peer-reviewed
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ZENODO
Article . 2025
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
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Africa free trade agreement: Is it a panacea to African growth and development?

Authors: Kansaye, Issa;

Africa free trade agreement: Is it a panacea to African growth and development?

Abstract

Background: The African Continental Free Trade Area (AfCFTA), established in 2018 and operational since 2021, aims to deepen economic integration across Africa, creating a single market of over 1.4 billion people with a combined GDP exceeding $3.4 trillion. It is seen as a transformative initiative to boost industrialization, intra-African trade, and economic growth. Objectives: This paper critically examines whether AfCFTA can address Africa’s persistent development challenges, including economic fragmentation, dependency on external markets, and structural underdevelopment. Methodology: Using a multidisciplinary framework (economic integration theory, endogenous growth theory, and political economy of development), the study employs qualitative and empirical analyses, reviewing literature, policy documents, and economic indicators from regional and international institutions. Findings: AfCFTA holds immense promise in expanding markets, reducing trade barriers, and fostering value chain development. However, challenges such as infrastructural deficits, non-tariff barriers, limited institutional capacity, and uneven readiness among member states hinder progress. Case studies reveal early successes but also emerging obstacles. Implications and Conclusion: AfCFTA is not a silver bullet but a strategic platform that, with political will, policy coherence, and infrastructure investment, could catalyze sustainable growth. Policy recommendations include capacity building, harmonizing trade regulations, and inclusive development strategies to ensure equitable benefits across Africa

Keywords

Africa Free trade agreement, Panacea, Growth, Development

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green
gold