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COVID-19 and the African Continental Free Trade Area Agreement

The total or partial lockdowns enforced by most African countries in the light of global health pandemic (COVID-19) has generated a socio-economic crisis within the region at a time when the African Continental Free Trade Area Agreement (AfCFTA) is in its critical phase of implementation. It is important to put into perspective, the implications of the COVID-19 pandemic which will inform the policy pathways to manage uncertainties around the agreement. The expectations of enhanced intra-Africa trade are being hampered by challenges such as border closure, travel bans, nationalism and uncertainty in tariffs and exchange rates. Also, the key question that comes to mind is – “How can the African Continental Free Trade Area provide economic opportunities post-COVID-19 pandemic accelerate industrialisation within Nigeria and Africa in general?”.

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COVID-19, AfCFTA and Key Considerations

Taiwo Oyedele, Fiscal Policy Partner and Africa Tax Leader, shares insights on our publication, COVID-19, the AfCFTA and Key Considerations.

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Taiwo Oyedele

Taiwo Oyedele

Africa Tax and Legal Services Leader, PwC Nigeria

Tel: +234 (1) 271 1700

Tolu Adeleke

Tolu Adeleke

Partner, PwC Nigeria

Tel: +234 1 271 1700

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