None
EN
AfCFTA signs $3.1B deal to deploy new customs system
['Https', 'Www.Semafor.Com Author Alexander-Onukwue']
Semafor
The African Continental Free Trade Area signed a $3.1 billion deal with Nigerian company Bergmans Security Consultants to deploy a customs system aimed at improving trade in Africa.
Trading under the AfCFTA — the world’s largest free-trade area — started in 2021.
Intra-Africa trade has grown since then, rising by 12.5% from 2023 to $220 billion in 2024.
But African trade analysts say the pact’s impact remains constrained by several structural and operational challenges.
AfCFTA is tasking the Abuja-based Bergmans with creating a system that will make the customs units of member countries interoperable, the trade area’s Secretary-General Wamkele Mene said at the deal’s signing last week.