SEE – July 16th: The expected rate of intra-african trade is set to rise to $5 billion annually following the Intra- African Free Trade Area agreement last March, on sunday President of African Development Bank Akinwumi Adesina said.
Adesina explained that there would be a new phase of joint work between the continent's countries with the aim to increase the rates of intra-trade, remove customs and tax barriers.
His remarks came during the celebrations of the 25th anniversary of the bank's establishment in the Nigerian capital Abuja.
The bank has allocated $35 billion to fund the development projects in countries with a focus on infrastructure and energy sectors.
Follow the latest news on Google News
