AfCFTA could present a boon for blockchain and crypto-currencies
States, regulators and the tax authorities are going to have to get to grips with this new technology and try to regulate the crypto-currencies
The combination of crypto-currencies and the freedom of trade offered by the African Continental Free Trade Area agreement (AfCFTA) offers enormous potential for growth in the logistics industry in Africa, but will require strong political will and competent assistance with technology and regulatory support.
The AfCFTA, enabled through ratification by 22 member states, seeks to create the world’s largest free trade area by allowing for the free movement of goods and people among the states. It does not replace existing regional free-trade agreements but is designed to transform the economies of African nations.