SFA Insights: The politics of a chocolate bar
Ahead of WEF Africa, we take a look at the African Continental Free Trade Agreement (AfCFTA) and how greater collaboration between nations could lead to greater bargaining power. SFA works extensively in developing markets, with several projects on the African continent, and we are always looking out for developments at the intersection of business and politics that shape the environments in which we advise. When political and business leaders meet in Cape Town for the World Economic Forum on Africa, in programmed events in the Harbour-side convention centre and offsite chatter in Camp’s Bay, much time will be committed to discussion on how to make a success of the new Africa Continental Free Trade Agreement (AfCFTA). In May 2019, 54 nations across the African continent reached an agreement to launch the world’s largest free-trade zone. Within the new economic area, member countries will initially benefit from tariff cuts for good traded within...