Free trade areas have always been the one of the paths that countries take to develop faster. The European Union, for example, has made it easier for many European countries trading among each other. This has in turn contributed to a higher growth rate in the past 4 decades, resulting…

The integration of regional economic communities in Africa was at the very core of forming the Organization of African Unity in 1963. The organization, after its formation, looked at ways in which they can help Africa become more economically integrated. A lot of African countries were still fighting for independence…

In June 2019, the 15 member states of the Economic Community of West African States (ECOWAS) indicated they will move forward with the single currency plan across the Western African region. This idea, born more than 30 years ago, is now on the fast-track to implementation. …

The 5 largest powerhouses in the African Economy are Nigeria, South Africa, Egypt, Algeria, and Morocco. These economies feature various levels of diversification and growth. In 2016, they contributed well over 60% (62.24%) to the continent’s overall Gross Domestic Product. Nigeria: The Largest African Economy Nigeria overtook South Africa as the largest economy on the…