Africa is progressively opening its markets to intra-continental trade, yet a substantial trade finance gap continues to constrain the commercial activity that market integration is expected to generate. The African Continental Free Trade Area (AfCFTA) illustrates this tension: reducing tariffs, improving preferential market access and addressing non-tariff barriers can make cross-border trade more attractive, but these measures do not ensure that businesses have the liquidity required to take advantage of new opportunities. Market access creates the conditions for trade. Finance helps firms turn those conditions into transactions. Without sufficient working capital, commercially viable opportunities may remain unrealised, regardless of the tariff preference available.









