20/09/2025
Yesterday as part of our planned activities, our team successfully conducted a key planning campus workshop. This workshop was held under the theme: "The Impact of the African Continental Free Trade Area (AfCFTA) on All Member States." It was accompanied by the slogan: βReducing Trade and Tariff Barriers to Promote a Single Market, Fostering Economic Growth and Integration.β This event brought together a significant number of students, including both current entrepreneurs and those aspiring to become entrepreneurs in the near future.
The workshop enlightened the topic, particularly through an overview of the AfCFTA presented by the team leader.
Introduction to the AfCFTA
Team AME University is pleased to introduce the Economic Impact Challenge - Cohort #3, which aims to raise awareness about the African Continental Free Trade Agreement (AfCFTA). This agreement, which is yet to be fully implemented among its 54 member states, seeks to facilitate trade in goods, services, and the digital market, promoting strategies for a unified market that will help Africa overcome tariff barriers. The goal is to foster economic growth and integration, ultimately making Africa a more competitive player in the global economy.
As members of this initiative, we are committed to implementing the policy that establishes a unique market for citizens engaged in both domestic and international trade. This is particularly beneficial for those who travel out of Liberia to exchange goods and services, contributing to the national economy. The AfCFTA is genuinely designed to help both small and large businesses achieve their potential, leading to increased industrialisation and job creation, which is essential for reducing unemployment rates in member states implementing the agreement.
Overview of the AfCFTA
The AfCFTA is the worldβs largest free trade area, uniting the 55 countries of the African Union (AU) and eight Regional Economic Communities (RECs). Its primary mandate is to create a single continental market populated by around 1.3 billion people with a combined GDP of approximately US$3.4 trillion. The AfCFTA is a flagship project of Agenda 2063: The Africa We Want, which is the African Unionβs long-term development strategy aimed at transforming the continent into a global powerhouse.
One of the goals of the AfCFTA is to eliminate trade barriers and increase intra-African trade, particularly by promoting trade in value-added production across various sectors of the African economy. The AfCFTA aims to establish regional value chains, facilitating investment and job creation, thereby enhancing Africaβs competitiveness in the medium to long term.
The AfCFTA entered into force on May 30, 2019, after 24 member states deposited their Instruments of Ratification, following a series of continental engagements beginning in 2012. It was officially launched during the 12th Extraordinary Session of the AU Assembly of Heads of State and Government in Niamey, Niger, in July 2019. The commencement of trading under the AfCFTA began on January 1, 2021. The AfCFTA Secretariat is based in Accra, Ghana, and His Excellency Wamkele Mene is the first elected Secretary-General responsible for coordinating the implementation of the agreement.
As team leader, I will discuss the general topic: the impact of the AfCFTA on all 55 member states. This agreement is crucial for developing Africa's trade sectors and addressing the unwelcoming tariff barriers harming both small and large enterprises. The AfCFTA has also safeguarded Africa's mineral resources, driving the continent towards industrialisation, which is vital for fostering growth.
It is important for all African states to manage their resources effectively to achieve self-reliance, rather than continually depending on foreign aid. My role is to educate the public about the significance of the AfCFTA for the future of Africa.
During the workshop, team member Josephus Somwarbi highlighted the substantial contributions the AfCFTA has made to nations committed to implementing this agreement.
Team member Rose Kikeh discussed the objectives and core values of the AfCFTA, shedding light on the reasons for establishing this unique agreement and its anticipated achievements.
Furthermore, Team Secretary Harriston M. Luo and Freeman Yalley emphasised the importance of prioritising digital trade and e-commerce among AfCFTA member states, as these represent efficient pathways to avoid obstacles and facilitate smoother long-distance business transactions.
Team member, Barsee Bosigiah discussed the investment protocol and dispute resolution mechanism, a point that brings about how Africa should work in advancing the economy through an intensive investment structure that will smoothly direct the African investment climate in a way that will lead it to growth.
We want to use this means to extend our heartfelt thanks and appreciation to the student community of AMEU and also small business owners who signed up for this unique workshop hosted at the auditorium of the African Methodist Episcopal University, and also many thanks to the Africa Future Economic Leaders in partnership with youth Arise 4 Development for the steward opportunity afforded to us to participate in this economic impact Challenge, which has help to build our minds in policy proposals and policy advocacy.
Best regards,
Amb Elijah Saah Dennis
AfelAfricaTeam AMEUniversity AFEL EICLiberiaAME UniversityYouth Arise 4 Development FollowingAMEU Students' Governing CouncilAME UNIVERSITY STUDENTS' RELEAF γviralγ·fypγ·γviralγ· #