Free trade area Africa: EU commits 1.2 billion euros to boost continental integration

The European Union mobilises 1.2 billion euros according to official data from the European Commission and the AfCFTA Secretariat to support the African Continental Free Trade Area implementation. Announced at the EU–Ethiopia Business Forum in Addis Ababa from 20 to 22 April, the initiative aims to boost intra-African trade, strengthen value chains, attract investment and support industrial development under the African Union Agenda 2063 framework.