Standard Chartered projects $1trn Africa export trade by 2035

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A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc

Standard Chartered Bank has projected that African exports will hit almost $1 trillion by 2035 with a potential boost of 30 per cent from the African Continental Free Trade Area .

According to the report, Africa’s total exports will reach $952 billion by 2035 and the AfCFTA, once fully implemented, has the potential to increase this figure by a further 29 per cent. This represents an annual growth rate of 3 per cent from now until 2035.

 

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