The African Continental Free Trade Area (AfCFTA) Agreement officially entered into force on May 30, 2019, following its adoption and opening for signatures on March 21, 2018 in Kigali, Rwanda. Impressively, as of February 2025, 54 out of the 55 African Union (AU) Member States have signed the agreement. Forty-eight of the Member States have so far ratified the agreement, demonstrating heightened interest and enthusiasm in the initiative. It is estimated that, by the time all Member states complete the signing and ratification processes, AFCFTA will create a single market for goods and services for about 1.4 billion people across Africa, with a combined gross domestic product (GDP) of 3.4 trillion U.S. dollars.