By BUUMBA CHIMBULUTHE African Continental Free Trade Area (AfCFTA) has driven optimism among Africa’s businesses despite the Covid-19 uncertainty.African Chief Executives Officers (CEOs) expressed optimism about their business and economic growth over the next 12 to 18 months.A new survey of African CEOs from 46 countries conducted by the Pan-African Private Sector Trade and Investment Committee (PAFTRAC), the Pan-African Private Sector Trade and Investment Committee shoes that CEOs were confident that their businesses will grow in the next year.A majority are also optimistic about the economic outlook of their industry.In addition, 87 percent of respondents believe that there will be an increase in intra-African trade as a result of the African Continental Free Trade Agreement.“The CEOs believe that the global recovery led by greater demand will drive Africa’s economic recovery.“Their positivity stems more from their faith in international and regional trade strategies and agreements such as enhancement of trading opportunities through AfCFTA, rather than as […]
Businesses optimistic about trade association
