AfCFTA prepares for $1 Billion first disbursement from targeted $10 Billion adjustment fund

The African Continental Free Trade Area (AfCFTA) will launch its Adjustment Fund early next year to support sovereign states and private sector projects affected by trade liberalization.

Initially capitalized at $1 billion, the fund aims to raise a total of $10 billion, offering grants, concessional loans, and other financing mechanisms for investments in manufacturing, infrastructure, and industrial development.

AfCFTA Secretary-General Wamkele Mene confirmed the fund's operations will remain politically independent.

A keyboard meeting in Rwanda will finalize preparations for deployment, emphasizing the fund's role in driving industrial growth and attracting investments for AfCFTA's successful implementation.