Zim among top gainers of AfCFTA
“At the very high end are Côte d’Ivoire and Zimbabwe with income gains of 14 percent each,” read part of the report, adding that at the low end, a few countries would see real income gains of around two percent, including Madagascar, Malawi, and Mozambique.
“The gains are unevenly distributed across the Africa region. At the very high end are Côte d’Ivoire with gains of 13 percent, and Zimbabwe with gains of 12 percent, followed by Kenya, Namibia, Democratic Republic of Congo and Tanzania at more than 10 percent.
“The share of intra-AfCFTA exports in total exports of Zimbabwe will also rise to 28 percent, with the share of intra-AfCFTA imports in total imports of the country also rising to 66 percent.
“The AFCFTA is going to allow the free movement of goods and people without any limitations and this will bring huge benefits to intra-African trade.“However, Zimbabwe will be spared for the next fifteen years because if we do that right away, we become a dumping ground of goods because at the moment we are not producing enough,” he said in January.