adsAn African commodity exchange could be the missing piece in unlocking the full potential of the African Continental Free Trade Area (AfCFTA).
By creating a central platform for buyers and sellers, it would enable transparent price discovery, reduce transaction risks, and allow African countries to capture more value from their commodities.
President Tinubu, at the Africa CEO Forum in Kigali, emphasizes that an African commodity exchange is “non-negotiable” for Africa’s producers and traders.
Tinubu’s call to stop routing transactions through external currencies and markets aligns with the AfCFTA’s goals. Reliance on the dollar introduces costs and volatility that Africa “can no longer afford,” he argued.
AfCFTA has created a unified legal and tariff framework across 54 countries and intra-African trade is rising, reaching $220.3 billion in 2024, according to data from Afreximbank, though it remains low at 15-18 percent of the continent’s commerce.adsads
