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The African countries are set to launch the African Continental Free Trade Area or AfCFTA, the biggest free trade agreement in the world since the World Trade Organization was created in the 1990s. When implemented, the AfCFTA is projected to increase intra-African trade by 52.3 percent by 2022, from 2010 levels. In turn, higher trade levels can facilitate economic growth, transform domestic economies, and help the countries achieve the Sustainab
Although India and Africa have long shared close ties, engagement between the two regions is yet to reach its full potential. However, amid the global green transition and attempts to enhance energy security, green hydrogen—increasingly seen as the ‘fuel of the future’—could provide a new avenue for cooperation between the regions. Such a partnership, focused on building a global value chain for the large-scale adoption of green h
Africa's economic dependence on China means the latter’s slowdown and shift to green and high-tech sectors harm Africa's economic prospect
Unlike in other regions of the world, the value of intra-Africa trade has remained low over the years. Moreover, Africa accounts for just 2 percent of global trade. In 2021, African countries launched the African Continental Free Trade Area (AfCFTA), which aims to create a single African market for the free movement of goods, services, labour, and capital, and increase intra-African trade. AfCFTA may be able to provide Indian firms and in
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