2021 Forecast: Africa - Neocolonialism At Its Worst - KJ Reports

On January 1, 2021, African countries began officially trading under a new continent-wide free trade area. The African Continental Free Trade Area aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization.

Every African country except Eritrea has signed on to the free trade area framework agreement, and 34 have already ratified it. Although such an action could be interpreted as a continuation of globalization, it may take decades before African countries create a single market, common currency, as well as common fiscal and monetary policies.

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