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How West Africa economic partnership deals put the cart before the horse

A free trade agreement, in its most basic sense, is an attempt by existing industries to find new markets. Their need to do this arises from industrialisation - that is, the process of developing sectors that attract high levels of protection in the international market...

By Michael E Odijie 18 Nov 2020

Energy resources can spark Africa's economic growth

Despite the Covid-19 pandemic, not all of the economic news in Africa has been negative. We continue to see promising developments...

By NJ Ayuk 4 Nov 2020

Covid-19 and AfCFTA: why now is the time to maintain momentum despite the global pandemic

The buzz and excitement around the continent's trade agreement, hailed as the answer to a fully integrated pan-African economy, has undoubtedly slowed its pace since the secretariat became operational in April 2020...

By Zuneid Yousuf 15 Oct 2020

Business as usual in post-pandemic recovery will only reinforce economic hardship

Africa's low level of economic diversification is a leading factor in the continent's economic fragility. Further, the Covid-19 pandemic has magnified the risks of countries' over-dependence on a single natural resource such as oil...

By Njuguna Ndung'u 28 Sep 2020

Africa is open for business

Despite the Covid-19 pandemic, investment opportunities still abound in Africa. Global markets are shifting to South Asia and Africa...

15 Sep 2020

Why the African free trade area could be the game-changer for the continent's economies

Most economists see structural transformation as one of the main routes to Africa's sustainable development...

By Muazu Ibrahim 3 Aug 2020

Why African countries are reluctant to take up Covid-19 debt relief

A debt service relief package has been approved by some of the world's biggest lenders for more than 25 African countries...

By Misheck Mutize 30 Jul 2020

What drove Asia's economic success stories, and what should Africa emulate?

The remarkable economic transformation of Asia in recent decades has attracted global attention. It has ignited scholarly and policy debates about the region's development models and strategies...

By Mills Soko 27 Jul 2020

Covid-19 impact on consumption patterns in Africa's key markets

Prior to the pandemic, Africa was identified as one of the fastest-growing consumer markets in the world, with household consumption growing even faster than GDP...

23 Jul 2020

The African Continental Free Trade Area - from agreement to implementation

The Agreement Establishing the African Continental Free Trade Area (AfCFTA) was brokered by the African Union (AU) and adopted by 44 of its 55 member states on 21 March 2018. By February 2019, all AU countries, save for Eritrea, had become signatories to the AfCFTA, which came into force on 30 May 2019...

By Robyn Berger, Theunis Claassen and Catherine Robson 30 Jun 2020

Controlling Covid-19 will carry devastating economic cost for developing countries

Many African countries quickly closed their borders and imposed lockdown. This meant that, until the beginning of May, no African country had more than 10,000 people affected, with South Africa, Egypt, Morocco or Algeria being the hardest hit...

By Borja Santos Porras 4 Jun 2020

The dawn of an African financial union

Eight countries in West Africa recently announced their collective decision to adopt an indigenous new currency...

By Hemant G, Issued by Monetary Library 4 Jun 2020

How a post-Covid-19 revival could kickstart Africa's free trade area

The African Continental Free Trade Area was launched two years ago at an African Union (AU) summit in Kigali. It was scheduled to be implemented from 1 July 2020...

By Faizel Ismail 27 May 2020

Slow Covid-19 economic recovery compels African companies to adapt

The World Economic Forum (WEF) reported this week that the pandemic has hit global trade and investment at an "unprecedented speed and scale" and revealed the fragility of the modern supply chain...

By Clement Chinaka 21 May 2020

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