4 ways Africa’s AfCFTA will benefit the Islamic economy
Africa is at a turning point in its history. The continent has the opportunity to transform itself from a fragmented group of economies dependent on commodities into an integrated global powerhouse under the African Continental Free Trade Area agreement.
Trading under the free trade agreement began in January 2021, and 37 of the 55 African Union nations have ratified the AfCFTA.
With 27 Organization of Islamic Cooperation (OIC) countries also members of the African Union – representing half of all the nations on the continent – the Islamic economy is expected to make significant gains from this landmark deal.
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