"For really good trade to take place on the continent, you need to know that you can trade effectively and trade profitably and utilise a currency that you can use right across the continent. 'The agreement establishing the CFTA (African Continental Free Trade Area) was signed by 44 countries,' says Moussa Faki Mahamat, chairperson of the AU commission

KIGALI, Rwanda – Forty-four African countries have signed an agreement establishing a free trade area seen as vital to the continent's economic development, the head of the African Union said Wednesday, March 21. The creation of a free trade area – billed as the world's largest – comes after two years of negotiations, and is one of the AU's flagship projects for greater African integration. And officially opening the summit, Rwandan President Paul Kagame who is also African Union President noted that time has come for Africa to boost its own trade.
The leaders of 44 African Union states sign an agreement in Kigali, Rwanda, to create the African Continental Free Trade Area (CFTA).