The Morning Call
The fall in the prices of raw materials such as cotton, coffee and cocoa in the 1980s led to the establishment of industrial free trade zones by African states. These economic zones which are currently being run in most parts of the continent, provided reliefs to investors who enjoyed benefits ranging from preferential taxation, to cheap labor among others. Analysts believe that the African Free Trade Zone agreement will help intra-regional trade and boost growth.
In return, a large number of jobs were expected to have been created including huge exports by these investors. But have these targets been achieved?
Jean David-Mihamle accesses the concept of the free-trade zones in Africa on the business segment of The Morning Call.
02:24
Zimbabweans forced to use US dollar in absence of new currency ZiG
11:11
Senegal: Diomaye Faye's economic challenges [Business Africa]
Go to video
Binance executive detained in Nigeria amid a crypto crackdown has escaped custody
11:07
The economic effects of child labor in artisanal fishing (Business Africa)
01:53
Wet weather and disease hit African cocoa farmers, push up prices
11:06
Zambia pushes for deal on unresolved debt [Business Africa]