Dangote’s Steel Ambitions: Some Data on Iron and Steel Trade in Africa
Introduction Aliko Dangote, Africa’s top industrialist, is eyeing his next big venture—steel production. Known for his ambitious business moves, Dangote wants to tackle the rising demand for steel in West Africa, and maybe even the whole continent. Let’s dive into the current iron and steel …
Government Procurement as a Tool for Nigeria’s Industrial Policy Challenges
By Dr Michael E. Odijie Michael Odijie argues for the strategic use of government procurement to drive industrialisation in Nigeria, suggesting that such an approach could effectively address the longstanding challenges faced by the nation’s industrial policies. Nigeria is faced with the task of industrialisation, …
COP28: The Dual Imperatives of Africa’s Trade and Climate Goals – APRI
The African Continental Free Trade Area (AfCFTA) Agreement is designed to drive African industrialization— defined as the shift towards greater production of high-value manufactured goods— through increased intra-African trade. This will be done through the elimination of tariff and non-tariff barriers facing trade among African …
How the AfCFTA and WTO can work towards sustainable investment in Africa – World Economic Forum
In today’s interconnected world, international trade and investment can play a pivotal role in driving economic growth and prosperity. Amidst this landscape, two essential agreements have emerged on to the global stage, promising to reshape the way nations engage in investment activities: the African Continental Free …
Nigeria’s foreign minister has his work cut out – ISS Africa
The challenge lies in navigating domestic constraints and regional dynamics to strengthen the country’s global standing. Nigeria’s new Minister of Foreign Affairs Ambassador Yusuf Maitama Tuggar is leading the country’s foreign relations in the face of significant domestic and external turbulence. His ministry coordinates Nigeria’s …
The AfCFTA and the Vision for a Pan-African Investment Agency – APRI
Negotiations towards finalising the African Continental Free Trade Area (AfCFTA) agreement have been progressing speedily, and a number of constituent protocols have been successfully adopted. Among them is the Protocol on Investment, which seeks to harmonise the regulatory environment for intra-African investment while promoting, protecting …
The AfCFTA can help address African inequalities – APRI
The African Continental Free Trade Area (AfCFTA) is the world’s largest free trade area (FTA) by number of countries. The AfCFTA agreement seeks to create a single market for goods and services produced in Africa, accelerating technological change and industrialisation through increased intra-African trade. The …
List of Investment Promotion Agencies (IPAs) in Africa
Investment promotion agencies (IPAs) are crucial pillars in the quest for economic development and prosperity in Africa. These agencies play an instrumental role in stimulating economic growth, creating jobs, and fostering innovation and entrepreneurship. As we enter a new era of rapid development and …
Can EU investment revive Lake Chad Basin’s economy?
The European Union (EU) will, on 6 February, finalise the list of priority projects under its Global Gateway initiative in 2023. The plan to mobilise investments that build sustainable links worldwide was unveiled in December 2021. Half of the €300 billion global target is earmarked for soft and hard …
Ubuntu could help push Africa’s free trade agenda
Applying the African Continental Free Trade Area (AfCFTA) agreement has always been described as a marathon, not a sprint. This has proven true as no commercially significant trade has occurred under the deal since its launch on 1 January 2021 due to negotiation delays. However, significant progress …
