Somali President Hassan Sheikh Mohamud has signed the African Continental Free Trade Area (AfCFTA) Agreement into law following its ratification by the country’s federal parliament. The move officially clears the way for Somalia to become part of Africa’s single market, marking a significant milestone in the country’s economic integration with the rest of the continent.
The AfCFTA is designed to promote trade among African countries by reducing tariffs, removing trade barriers, and encouraging the free movement of goods and services. Somalia’s accession is expected to create new opportunities for businesses, attract investment, and strengthen economic cooperation with other African nations.
President Mohamud described the signing of the agreement as an important step toward boosting Somalia’s economic development and expanding access to regional markets. The government believes participation in the continental trade bloc will support job creation, industrial growth, and increased competitiveness for Somali businesses.
With the agreement now enacted into law, Somalia is expected to begin implementing the necessary policies and reforms required under the AfCFTA framework. Analysts say the country’s membership could enhance regional trade, improve economic resilience, and contribute to broader efforts aimed at achieving sustainable growth across Africa.
