How SmartAFCFTA platform, Africa Trade Gateway can boost economic growth in Africa

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How SmartAFCFTA platform, Africa Trade Gateway can boost economic growth in Africa
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A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc

A look at the potential benefits of the digital platforms for the AfCFTA and the African SMEs and consumersThe African Continental Free Trade Area is a landmark agreement that aims to create a single market for goods and services in Africa, covering 1.3 billion people and a combined GDP of $3.4 trillion. The AfCFTA is expected to increase intra-African trade by 52% by 2022, create millions of jobs, and foster regional integration and development.

How the SmartAFCFTA Platform and the Africa Trade Gateway can benefit the largest economies in each of the geographic regions of Africa North Africa: Egypt. Egypt is the third-largest economy in Africa, with a GDP of $361.9 billion in 2019. It is also the most populous country in the region, with a population of 102 million. Egypt’s main exports are petroleum products, chemicals, textiles, and agricultural products.

Central Africa: Angola. Angola is the fifth-largest economy in Africa, with a GDP of $94.6 billion in 2019. It is also the second-most populous country in the region, with a population of 32.9 million. Angola’s main exports are crude oil, diamonds, and minerals.

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