Africa opens world’s largest single market (4)

MULTILATERAL TRADE PACTS outside the World Trade Organisation (WTO) are growing numerically and are becoming widespread globally. The sizes of economies and number of countries under each accord are also showing signs of increase. In November 15, 2020, just weeks before African Continental Free Trade Area (AfCFTA) began trading, a summit of the Regional Comprehensive […]

Africa opens world’s largest single market (3)

Africa opens world’s largest single market (3)

VOYAGE IN UNCHARTED WATERS comes with peculiar risks, mostly unknown to the seafarers. Although seafaring has been made easier, and the associated risks now far less due to improved exploratory and diagnostic technologies, the role of experience still remains preeminent in navigation. Weather signals equipment, acoustic detection equipment, visual equipment such as telescopes, or even […]

Africa opens world’s largest single market (2)

Africa opens world’s largest single market (3)

CONVERGENCE OF AFRICAN countries on trade and the success recorded over time will serve as a litmus test for the continent’s resolve to move out of poverty, experience economic growth and gain competitive edge on the world stage as a continent. Hitherto, Africa has been a laggard as continent, judging by the various indices of […]

Africa opens world’s largest single market (1)

Africa opens world’s largest single market (3)

HISTORIC DAY OF January 1, 2021, must have been a special and memorable one for Africa. Unlike other such days of previous years, this particular day in 2021 marked the day of the commencement of trading on the platform of the African Continental Free Trade Area (AfCFTA). While the umbrella body of African Union (AU) […]

Africa and the decade of COVID-19

Africa opens world’s largest single market (3)

THERE IS NO ARGUMENT about the fact that the decade beginning from 2020 is a decade of Coronavirus. The year 2020 alone has seen a widespread impact of the infection, now regarded as a pandemic. It was a year of panic, experimentation, competition for solutions, fear-mongering and politicisation of a misfortune of mankind. The coming […]

Africa’s economy and post-COVID-19 global engagement (2)

Africa opens world’s largest single market (3)

ONE MAJOR RECURRING COMPONENT in the risk analysis on Africa is leadership. Despite its centrality, it remains an unsolved problem for a number of reasons. Among them are the confounding variables that sometimes defy logic and common sense. Problems arising at lower levels of human activities are subjected to extensive analysis and a wide array […]

Africa’s economy and post-COVID-19 global engagement

Africa opens world’s largest single market (3)

AFRICA CONTINUES TO SHOW PROMISES of becoming an attractive and distinctive continent for the world in years ahead. In addition to its continued relevance as a major source of many commodities serving as drivers of global industrial growth, technological advancement, food security and as primary source of many luxury products, Africa is becoming a continent […]

Africa: From 2020 quandary to 2021 anticipation (3)

Africa opens world’s largest single market (3)

ANXIETIES, FEARS AND uncertainties prevalent at the peak of COVID-19 restrictions all over the world are gradually subsiding as many countries are getting used to the disease, the measures outlined for controlling its spread and as they begin to understand some critical issues about the pandemic. These, however, are not truly indicative of decline of […]

Africa: From 2020 quandary to 2021 anticipation (2)

Africa opens world’s largest single market (3)

AS THE WORLD ANXIOUSLY waits to put the COVID-19 experience of 2020 behind, the coming year 2021 may or may not be an extension of the outgoing year, depending on how well the pandemic is tamed. The variation in pandemic prevalence, the associated mortalities and the effectiveness of policy and administrative interventions in containing the […]

Africa: From 2020 quandary to 2021 anticipation

Africa opens world’s largest single market (3)

THE YEAR 2020 will be remembered as such a remarkable year and will remain so in the history of the world as the year that marked a watershed in many global affairs. Before 2020, never has there been any other year, since the Great Depression, in which the impact of a single event got transmitted globally so […]