Botswana ratifies pan-African trade deal

President Masisi handed over the instruments of the AfCFTA ratification to AU chair, Moussa Faki Mahamat. PIC: BW PRESIDENCY (FACEBOOK)
President Masisi handed over the instruments of the AfCFTA ratification to AU chair, Moussa Faki Mahamat. PIC: BW PRESIDENCY (FACEBOOK)

Botswana has ratified the African Continental Free Trade Area (AfCFTA) agreement, moving one step closer to allowing the country and its businesses to access a market of 1.2 billion with a value of more than $2.6 trillion.

The AfCFTA is the world’s largest free trade area developed under the auspices of the African Union (AU) to enable the free flow of goods and services across the continent. It is estimated that the AfCFTA has the potential both to boost intra-Africa trade by 52.3% and also boost the continent’s trading position in the global market.

President Mokgweetsi Masisi signed onto the AfCFTA in 2019 making Botswana the 51st of 54 African nations to agree in principle to the continental trade deal. Since then Botswana has been hammering out the modalities of the deal to ratify it, negotiating as a member of the Southern African Customs Union (SACU).

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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