It is estimated that a fully integrated African market will increase Africa’s income by $450 billion by 2035; increase intra-African exports by more than 81%; enable the African economy to reach the $29 trillion mark by 2050.
The African Union thereby proposed the creation of an economic and monetary union for the countries of the bloc, administered by the African Central Bank. The union would create a new unified currency, sometimes referred to as the AFRO or AFRIQ.
This panel will explore the progress that has been made on the African common market and monetary union, and the challenges and enablers that will get us to the future we are looking at.