With the recently established African Continental Free Trade Area (AfCFTA) coming into force in 2019, there has been a revival in the opportunities for the future of African youths.8 These hopes are fuelled by the promises and provisions of the founding agreement of the AfCFTA which include limiting the bureaucracy on the movement of people and goods, the establishment of continental special econo. [...] The adoption of the protocol was a recognition that Africa’s youth and women are most likely to be marginalised but also have the potential to benefit the most from the AfCFTA.10 The Protocol provides special protections to facilitate the participation of women and youth in trade and industry on the continent.11 It, therefore, 7 Talkmore Chidede and Obert Bore, ‘Youth in trade and trade governance. [...] About This Study This study discusses and examines the perceptions and experiences of trading under the AfCFTA in order to provide a critical analysis on the opportunities of, and challenges for the youth to participate in, and engage with the AfCFTA. [...] 17 messaging and narratives around the AfCFTA as the communication vacuum poses significant challenges for how domestic governments come to understand the AfCFTA and the FMPP.44 Although the AfCFTA and FMPP are vital policies for accelerating economic growth, development, and security on the continent; the lack of awareness and communication to key stakeholders about the relationship between AfCFT. [...] However, the slow implementation of the AfCFTA and the Free Movement Protocol means that Precious sees the talent and the new technologies that he could embed in his craft, however, he is unable to access or collaborate with crafters and creatives on the continent due to the high costs of movement.
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Table of Contents
- The Brenthurst Foundation 2
- About the Author 2
- Summary 03 3
- Introduction 04 3
- About This Study 06 3
- Limitations of The Study 07 3
- Overview of the African Continental Free Trade Area 07 3
- The Conditions in Which AfCFTA Is Being Established 10 3
- Conflict Cost and Effects on Intra-African Trade 11 3
- Prohibitive Logistical and Travel Costs 13 3
- Woes of Payments and Transaction 14 3
- Progress Made Towards Implementing AfCFTA 15 3
- Piloting the AfCFTA The Guided Trade Initiative 15 3
- Ameliorating Payments The Pan-African Payment Settlement System PAPSS 16 3
- Facilitating Movements The Free Movement Protocol and the Single African Air Transport Market 17 3
- The Single African Air Transport Market SAATM 18 3
- Perceptions and Experiences of Trading Under the AfCFTA 19 3
- Perceptions About the AfCFTA 19 3
- Logistics of Frustration 20 3
- Costly Money Making 21 3
- Crafty Talent Blocking 22 3
- Looking to the Future Opportunities Under the AfCFTA 23 3
- Partnerships and Collaboration 23 3
- Competition and Quality Assurance 24 3
- Harnessing the Informal Market 25 3
- Ensuring Change Practical Actions for Policymakers 28 3
- Get Public Buy-In and Improve Appetite 28 3
- Embed the Informal Economy 29 3
- Standardise and Harmonise Policies 29 3
- Education Curriculum 30 3
- Conclusion 32 3
- Summary 4
- Introduction 5
- In fact Africa has the highest rate of youth 5
- About This Study 7
- Methodology 8
- Limitations of the Study 8
- Overview of the African Continental Free Trade Area 8
- The Conditions in Which AfCFTA Is Being Established 11
- Conflict Cost and Effects on Intra-African Trade 12
- Prohibitive Logistical and Travel Costs 14
- The AfCFTA is also being 14
- Woes of Payments and Transaction 15
- Progress Made Towards Implementing AfCFTA 16
- Piloting the AfCFTA The Guided Trade Initiative 16
- Ameliorating Payments The Pan-African Payment Settlement System PAPSS 17
- Facilitating Movements The Free Movement Protocol and The Single African Air Transport Market 18
- The Single African Air Transport Market SAATM 19
- Perceptions and Experiences of Trading Under the AfCFTA 20
- Perceptions about the AfCFTA 20
- The policymakers dont know how we feel. We are 20
- We are frustrated because we 20
- Logistics of Frustration 21
- Costly Money Making 22
- Why is it easier to do 22
- Crafty Talent Blocking 23
- Looking to the Future Opportunities Under the AfCFTA 24
- Partnerships and Collaboration 24
- I am hoping to make more connections internationally and to network and connect with investors. The youth in my country often feel left out 24
- Competition and Quality Assurance 25
- Harnessing the Informal Market 26
- The perspectives on informal 27
- Ensuring Change Practical Actions for Policymakers 29
- Get Public Buy-In and Improve Appetite 29
- Embed the Informal Economy 30
- Standardise and Harmonise Policies 30
- Education Curriculum 31
- Conclusion 33