Third Edition of Biashara Afrika Concludes in Togo Amid Focus on AfCFTA Implementation
The third edition of Biashara Afrika, a continental business forum aimed at advancing the African Continental Free Trade Area Agreement (AfCFTA), took place in Togo from May 18 to 20. The forum brought together African heads of state, ministers, policymakers, SMEs, investors, and entrepreneurs to promote intra-African trade and support AfCFTA implementation.
Biashara Afrika is the premier continental business forum that brings together African heads of state, ministers, policy makers, SMEs, investors, and entrepreneurs to accelerate the African Continental Free Trade Area Agreement (AfCFTA) implementation, and explore intra-African trade collaborations. The third edition of Biashara Afrika held in Togo from May 18–20. The African Continental Free Trade Area Agreement (AfCFTA) was signed on March 21, 2018 in Kigali, Rwanda, and commenced commercial trading in January 2021. The focus of the AfCFTA since its commencement has been on achieving a single market, reshaping trade across the continent, reducing non-tariff trade barriers, and creating opportunities for investors. African states must align their domestic strategies with the AfCFTA framework. Nigeria signed the AfCFTA in July 2019 after months of stakeholder consultation. Kwame Nkrumah’s message is 'Africa must unite or perish.' According to europesays.com, Nigeria stands at a defining moment. According to europesays.com, if implementation matches ambition, AfCFTA could help Nigeria shift from dependence on crude oil to a diversified, export-driven economy.
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