After years of neglect, the vast untapped resources in Africa’s oceans are at last receiving attention, but to exploit them properly will require meaningful investment and good policy implementation.
The state of relations between the US and South Africa may reflect President Trump’s limited interest in developing world countries, but they could presage a longer-term chill.
In March, 44 countries signed a pact in Kigali establishing Africa’s Continental Free Trade Area. Far from marking the end of the process, this represents just the beginning of the long road to developing a single market across the continent.
Without access to trade finance the goal of developing intra-African trade cannot be achieved.
Short-term losses will be outweighed by long-term gains for countries participating in the Continental Free Trade Area, says the coordinator of the African Trade Policy Centre.
Despite blockchain’s association with wild speculation and cryptocurrencies, the new technology is being talked up as a solution to African governance and economic problems.
The young generation of African entrepreneurs is pushing for change and banks are responding in order to promote the growth of trade.
Against the background of a sluggish global economy, intra-African investment is essential for realising the “Africa rising” narrative.
The landmark $1 trillion One Belt, One Road initiative looks set to reshape global trade, but will Africa benefit?
Far from holding Africa back, the drive towards insularity in the developed world could actually help to accelerate economic growth on the continent.