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Profit-making idea: Central Africa could be the continent’s rising star

News Summed Up 2019-06-12 05:30:00

Read our previous posts here. Central Africa stands to benefit the most from the African Continental Free Trade Area (AfCFTA), data from the African Development Bank (AfDB) shows. Morsy said Central Africa’s real income could increase by as much as 7% in one of the scenarios that researchers describe in the 2019 African Economic Outlook. By the same calculations, East Africa, currently the star performer on the continent, would experience an increase of around 4.2%, followed closely by North Africa. The scenarios measure the potential outcomes of the AfCFTA, ranging from one (least impact) to four (greatest impact).