AfCFTA represent a huge opportunity in Africa
- The African Continental Free Trade Area is an Agenda 2063 project that seeks to create a single African market by harmonising trade between African countries. At the core, this means paying less for buying and selling within Africa compared with foreign countries
- There are currently 47 State Parties (a total population of xxx million people )who have signed the Agreement with with more to join soon
- The Market has over 1.3 billion people, the largest trade bloc in the world
- The AfCFTA Agreement is comprised of certain key protocols which are legal instruments that provide the legal basis for trading.
- Trading has commenced since 2022
Our Solution
Introducing the AfCFTA Bot
- Guide SMEs step by step on how to trade under AfCFTA in multiple languages.
- Provide in-depth explanations for trade terms/jargons.
- Provide HS codes for products.
- Provide links to all necessary documentation.
- Calculate applicable tariffs/taxes on items depending on the country of origin and destination.
- Provide business intelligence for SMEs at low to no cost.
- Work on voice queries.
Using a method known as Retrieval Augmented Generation, the AfCFTA bot will be trained on data from trusted sources including
- AfCFTA Secretariat
- International Trade Centre (UN)
- World Customs Organisation
- Afreximbank.
This will significantly boost its accuracy on answers as compared to traditional AI bots such as ChatGPT
The bot will be trained to take financial analyst exams to benchmark its knowledge on trade issues
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Team
Check our Team
Ray Nkum
Digital Innovation Expert, Experience at the AfCFTA Secretariat Communications