The AfCFTA Year Zero Report - Rwanda Most Committed to AfCFTA
Rwanda is the country most committed to the African Continental Free Trade Area agreement, a new report, dubbed, The AfCFTA Year Zero Report, has said.
The study, which offers a baseline of the continent's readiness for the start of trade under a continental framework, was published by The AfroChampions Initiative, which was launched by African leaders in January 2017.
The initiative, also known as the Afrochampions, is a special implementation vehicle for major, innovative, public-private partnerships to harness big opportunities in Africa for transforming the continent's best companies and institutions into globally significant players.
The report shows which countries are the most committed to the AfCFTA process, and which ones have the best implementation readiness in terms of trade-infrastructure, customs efficiency, and access to credit.
Rwanda scored 83.93 percent on the commitment scale.c
The least committed country is Eritrea with a score of 0.85 percent, according to the report.
Eastern and West African countries swept all the top nine positions of the most committed countries, with the highest-ranked country outside the two regions coming in the 10th.
Notably, not a single country from Southern or North Africa was deemed committed enough to make the top 10.
"Rwanda is number one in terms of commitment to AfCFTA, and number two in implementation readiness," Michael Kottoh, head of strategy and research at Afrochampions, told The New Times.
"When we combined commitment and readiness assessments, Rwanda came top of the ranking of the 55 states."
Kottoh explained that they found that some countries were highly committed but lacked implementation readiness.
Others, he said, had high implementation capacity but weren't very committed.
South Africa scored the highest in terms of implementation readiness, with 68 percent, followed by Rwanda at 67.8 percent.
South Sudan was found to be the most ill-prepared country.