A historic Memorandum of Understanding has been signed between Ecobank Group and the AfCFTA Secretariat.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Ecobank Group and the African Continental Free Trade Area (AfCFTA) Secretariat have signed a landmark Memorandum of Understanding (MoU) to accelerate intra-African trade and close the continent’s widening trade finance gap – with a sharp focus on SMEs, women-led businesses, and young entrepreneurs.

The agreement, announced through a press release on Thursday, establishes a strategic framework to support the implementation of the AfCFTA, which aims to create an integrated single market of more than 1.3 billion people with a combined GDP of approximately $3.4 trillion.

Source: newsthemegh.com