AfCFTA Could Raise Africa’s GDP by $1.4 Trillion by 2045, Says Ruto
The President spoke when he chaired the Inaugural Committee Meeting of Heads of State and Government on the Implementation of the African Continental Free Trade Area in Addis Ababa, Ethiopia on Friday. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
President William Ruto stated that the African Continental Free Trade Area (AfCFTA) could boost Africa's GDP by approximately $1.4 trillion by 2045, urging a decisive shift from negotiation to implementation to deliver tangible benefits.
- The AfCFTA is projected to increase intra-African trade by up to $3 trillion and raise Africa's cumulative GDP by about $1.4 trillion between 2021 and 2045.
- President William Ruto chaired the Inaugural Committee Meeting of Heads of State and Government on the Implementation of the African Continental Free Trade Area in Addis Ababa, Ethiopia.
- The committee, also attended by Presidents Évariste Ndayishimiye of Burundi and Duma Boko of Botswana, and Secretary-General Wamkele Mene, will prioritize close partnership with the private sector, including Micro, Small and Medium Enterprises (MSMEs).
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President Ruto Advocates for AfCFTA, AU Peace Fund, and Climate Financing - February 2026
At the 39th Ordinary Session of the Assembly of Heads of State and Government in Addis Ababa, President William Ruto presented a report proposing to scale the African Union Peace Fund. He also stated that the African Continental Free Trade Area (AfCFTA) could boost Africa's GDP by approximately $1.4 trillion by 2045, urging a shift from negotiation to implementation. President Ruto urged African banks to finance the local pharmaceutical industry to bolster Africa’s health security, stating the continent can no longer depend on imported commodities. Additionally, he renewed Kenya’s commitment to the Green Climate Fund (GCF), aiming to boost financing for climate-resilient agriculture and low-carbon development.
