(Ecofin Agency) - The approach aims to speed up Rwanda's continental trade by grouping the goods of its businesses into a single shipment, thus optimizing logistics and reducing costs.

Rwanda has sent its first products to Ghana as part of the African Continental Free Trade Area (AfCFTA), the Rwandan Ministry of Agriculture announced on Wednesday, September 25, 2024, through a post on X.

The shipment, sent by air, included coffee, tea, honey, and avocado-based products. According to Rwandan authorities, this group shipping approach will help speed up Rwanda's continental trade by allowing local businesses to consolidate their goods into a single shipment, optimizing logistics and lowering costs. This export diversification highlights Rwandan exports' growing variety and potential under AfCFTA, the Ministry’s post noted.

AfCFTA, which became operational in January 2021, is one of the most ambitious efforts to strengthen economic integration across Africa. Allowing the free movement of goods and services across borders aims to reduce trade barriers and create a single market of over 1.3 billion people for African businesses.

It’s worth noting that Rwanda and Ghana are not the first countries to exchange goods under this framework.

According to an IMF report, AfCFTA could boost intra-African trade by 53%. In 2020, Rwanda, a key player in Africa’s growth, was identified by Afreximbank as one of the countries best positioned to benefit from the single African market. Though still in the adjustment phase, Ghana also has significant agro-industrial potential.