The Secretary-General of the African Continental Free Trade Area, Wamkele Mene, has disclosed that the continental trade bloc is on course to achieve an annual intra-African trade volume of $250bn in the current year.
This came as he commended the Lagos State Government for positioning the city as a leading centre for Africa’s industrialisation and digital innovation.
Speaking at the ‘Invest Lagos 3.0’ Conference in Victoria Island, Lagos, on Tuesday, Mene disclosed that intra-African trade is projected to reach $250bn in 2026, up from $220bn recorded in 2025, reflecting the growing implementation of the AfCFTA agreement across the continent.
He noted that 50 African countries were currently implementing the agreement and that all the protocols underpinning the trade pact had been concluded, creating a stronger foundation for economic integration and regional commerce.
According to him, Africa must accelerate efforts to deepen trade among its countries as global economic challenges continue to limit access to traditional export markets.
