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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

Getty Images/Stock photo
Vultures, doves and African debt: here's a way out

Once again, African countries are confronting overwhelming debt burdens. According to the most recent World Bank debt statistics, they owe a total of $493.6bn in long term debt to their foreign official and commercial creditors. About one third, $117bn, is in the form of tradeable bonds...

By Danny Bradlow 7 May 2020

The street market at Mont-Bouët in Libreville, Gabon. The country was one of 10 on the continent downgraded this year. Getty Images
Why downgrading countries in a time of crisis is an exceptionally bad idea

A number of rating agencies have downgraded emerging market economies during the Covid-19 pandemic. Their actions have raised the question: why do so during a crisis?

By Misheck Mutize 4 May 2020

How Mauritius' outward-focused economy survived previous shocks
How Mauritius' outward-focused economy survived previous shocks

Mauritius is a small island nation located in the Indian Ocean. Like other countries, it faces drastic changes to its social and economic landscape with the appearance and spread of Covid-19...

By Harshana Kasseeah 29 Apr 2020

Africa Shared Value Leadership eSummit - Economic survival in a post-pandemic world
Africa Shared Value Leadership eSummit - Economic survival in a post-pandemic world

Companies across Africa have taken rapid and significant steps to initiate community emergency relief efforts in the face of the Covid-19 pandemic...

Issued by Shift Impact Africa 28 Apr 2020

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