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Originally published by Capital Business
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business
September 25, 2026
2h ago

AfCFTA implementation hurdles threaten gains for African businesses

AfCFTA implementation hurdles threaten gains for African businesses

Mene said fragmented systems across African markets continue to increase the cost and complexity of doing business, despite the creation of a single continental market intended to expand opportunities for African companies...

✨ Key Highlights

Implementation challenges within the African Continental Free Trade Area (AfCFTA) are hindering African businesses from fully realizing the trade bloc's potential.

  • An estimated $5 billion annually in currency conversion costs impacts intra-African trade.
  • The AfCFTA Secretariat, led by Secretary-General Wamkele Mene, highlights the need for improved cross-border payment systems, customs processes, and infrastructure.
  • Initiatives like the Pan-African Payment and Settlement System (PAPSS) aim to facilitate payments using local currencies, but wider adoption and regulatory alignment are crucial.

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