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Africa Economic Development

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- The key to Unlocking Africa's Economic Potential

Africa is on the cusp of economic transformation. By 2050, consumer and business spending on the continent is expected to reach approximately $16.1 trillion. The coming boom presents enormous opportunities for global businesses—especially U.S. companies looking for new markets. But unless African policymakers remove existing barriers to regional trade and investment, the continent's economies will struggle to reach their true potential. 

Two major trade agreements - the African Growth and Opportunity Act (AGOA) and the African Continental Free Trade Area (AfCFTA) - will make it easier for African countries to trade among themselves and with the US. Together, these agreements promise to remove longstanding barriers to industrialization.



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