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Free trade pact could help lift up to 50 million Africans from extreme poverty with women seeing the biggest gain, new World Bank report says

Today News Africa by Today News Africa
June 30, 2022
David Malpass, under secretary of the Treasury for international affairs, smiles as President Donald Trump announces his nomination to head the World Bank, during an event in the Rosevelt Room of the White House, Wednesday, Feb. 6, 2019, in Washington. (AP Photo/ Evan Vucci)

David Malpass, under secretary of the Treasury for international affairs, smiles as President Donald Trump announces his nomination to head the World Bank, during an event in the Rosevelt Room of the White House, Wednesday, Feb. 6, 2019, in Washington. (AP Photo/ Evan Vucci)

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The African Continental Free Trade Area (AfCFTA) has the potential to bring significant economic and social gains for the region, leading to higher incomes, lower poverty, and faster economic growth, according to a new World Bank report done in partnership with the AfCFTA Secretariat.

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