Would you buy this MADE IN RWANDA motorcycle? - VisualPolitik EN
~ VisualPolitik EN, 2019-07-16 (14:40)
Until the 2000s, Africa seemed completely doomed. But since the beginning of the new century, Africans have tripled their income. Countries like Ethiopia are growing at a 10% growth rate year after year. We are starting to see how African companies are expanding internationally. For example, Ethiopian airlines or M-PESA, a mobile phone payment platform.
Nevertheless Africa is far from being a prosperous region. They need to take the next step. And what is that? Well, that would be industrialization. In this context is where the African Continental Free Trade Area has been signed. This is a free trade area that includes most of the African nations.
We’re talking about 52 countries who have signed it. In fact, only Benin, Nigeria and Eritrea have refused to enter the so called AfCFTA or just CFTA.
So now the question is… Can this treaty change things… or is it just a bunch of nice words? Can a free trade agreement really improve lives in Africa? And, why doesn’t Nigeria, the country with the largest African economy, want to sign it? Today we are going to answer all of these questions.
*Script written by Javier Angulo
Other videos from VisualPolitik
How is AFRICA escaping POVERTY?
Which Countries are TAKING OFF in AFRICA?
CHINA vs FRANCE: Battle for AFRICA?
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