Africa’s economic prospects are looking brighter following the adoption and ratification of a free-trade accord by most of the continent’s 55 nations.
According to a recent Standard Chartered report, annual exports from the continent could rise to $952 billion by 2035.
The expected trade recovery is in line with the latest global economic outlook released by the IMF. According to the forecast, sub-Saharan Africa’s economy will grow by 4% next year, up from 3.3% this year, on the back of lower inflation and stabilizing public finances.