Trade between the countries of Africa makes up a meagre 19% of the continent’s total trade, African Business reports. This is due in part to the dominance of Western conglomerates, which built supply chains to extract resources and return finished goods to individual countries. Trade also is hampered by border restrictions and a hodgepodge of national policies. Author Rafiq Raji suggests that now may be an ideal time to break those barriers, especially as changing economic and political factors force multinationals to retrench. “African economic development is going to be driven by African champions who operate across borders,” says Andrew Nevin, chief economist for PwC in Lagos.
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