Trade pact could boost Africa’s income by as much as $450 billion: World Bank

The African Continental Free Trade Area represents a major opportunity for countries to boost growth, reduce poverty, broaden economic inclusion and help “expand opportunities for all Africans”, hailed a World Bank official on Monday, which if fully implemented, could boost regional income by around $450 billion.

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Africa Free Trade Area, likely spur for growth and development

08 Dec 2021

With productivity-boosting measures, the African Continental Free Trade Area (AfCFTA) agreement could reduce poverty and inequality while spurring sustainable and inclusive growth, according to a report launched on Wednesday by the UN trade and development body, UNCTAD.

UN chief calls for ‘green and clean’ development in message for Africa Industrialization Day

20 Nov 2019

As African countries gear up to implement an historic free trade agreement, the UN Secretary-General is urging leaders to pursue economic growth that benefits both people and the planet.

Progress toward sustainable development is seriously off-track

07 Nov 2019

The UN Secretary-General is calling on business leaders to use their “enormous influence” to push for inclusive growth and opportunities that benefit all people and the planet.