Accelerating implementation of the Agreement Establishing the African Continental Free Trade Area in North and West Africa through digital transformation and economic diversification : Concept note

Abstract

The African Continental Free Trade Area (AfCFTA) presents a transformative opportunity for North and West Africa, yet implementation faces challenges amid slow progress toward the Sustainable Development Goals (SDGs). Despite steady but insufficient economic growth (3.3% in Africa, 3.4% in West Africa, 3.0% in North Africa in 2024), reliance on resource exports and limited diversification hinder resilience. Digital transformation and economic diversification are critical levers to accelerate AfCFTA implementation, fostering intra-African trade, industrialization, and inclusive growth. While digital access remains uneven (37% internet penetration in Africa), mobile broadband expansion can boost GDP by 0.25%. The 2024 joint session of the Intergovernmental Committees of Senior Officials and Experts for North and West Africa will explore policy actions to harness digitalization and diversification, aligning with the African Union’s 2023 focus on AfCFTA acceleration.