Africa can finance its development but needs a paradigm shift
Africa can finance its development but needs a paradigm shift

Africa faces its worst economic recession in 25 years, largely due to the Covid-19 pandemic...

By Matilda Moyo 22 Dec 2020

Ecowas Bank for Investment and Development headquarters in Lome. Willem Heerbaart/Wikimedia Commons
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
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

Zuneid Yousuf
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

Professor Njuguna Ndung’u
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
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

Residents of Lamu, Kenya, accuse the government of ignoring their concerns and going ahead with the construction of a huge port. TONY KARUMBA/AFP via Getty Images
Review of nine African 'blue economy' projects shows what works and what doesn't

Africa has 38 coastal countries and six islands whose maritime industry is estimated to be worth $1trn per year. This figure will increase as they develop their offshore hydrocarbon, energy, tourism, maritime transport, shipping and fishing sectors...

By Ifesinachi Okafor-Yarwood 12 Aug 2020

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

IMF managing director Kristalina Georgieva and World Bank group president David Malpass have offered debt relief to developing countries.
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

East Asian countries have looked up to Japan as a model of success.
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

Image credit: Retha Ferguson from Pexels
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 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

President Muhammadu Buhari raises his fist during an inspection of honour guards on parade to mark Democracy Day in Abuja, on June 12, 2019.
Pius Utomi Ekpei/AFP via Getty Images
Buhari's Covid-19 economic plan: old wine in new wineskins

Covid-19 is increasingly wreaking havoc on the health of Nigerians, but its economic impact may well be more devastating...

By Stephen Onyeiwu 25 Jun 2020

The Nigerian Naira has been under a lot pressure lately
Pius Utomi Ekpei/AFP via Getty Images
Nigeria's post-Covid-19 recovery plan has some merit. But it misses the mark

The Covid-19 pandemic will have economic consequences for many countries. In Nigeria, the country's lockdowns froze economic activities, causing job losses and supply chain disruptions.

By Tolu Olarewaju 22 Jun 2020

A deserted street in Cairo after coronavirus-related restrictions were tightened. Egypt has been one of the hardest hit in Africa. Photo by Mohamed Elraai/picture alliance via Getty Images
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
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

Africa’s dependency on commodity exports, including oil, makes it more vulnerable to the impact of Covid-19. Getty Images
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

Clement Chinaka
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

A member of the Nigerian Health Task Force fumigates a building in Abuja, Nigeria, as the city struggles to curb the spread of coronavirus. COVID-19 Photo by Kola Sulaimon/AFP via Getty Images
Steps to inoculate African economies against the impact of coronavirus

The curve of the coronavirus pandemic started to bend upwards in Africa only recently - just as the curve in the 10 most-affected countries around the world was flattening...

By Chuku Chuku 15 May 2020

To meet the needs of its youthful population, African businesses must expand and governments must invest in infrastructure. Getty Images
Moratorium on debt for Africa? Be careful of unintended consequences

Africa is home to 41 of the International Monetary Fund's 59 Low Income Countries. These are more structurally vulnerable to external shocks such as Covid-19...

By Rodrigo Olivares-Caminal 11 May 2020



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