The AfCFTA — Can Africa Save Itself?

Africa is an incredibly rich continent. That richness, however, has not translated into wealth for Africans. Africa’s oil and gas and gold and diamonds and copper and cobalt have made Africa a target for stronger external powers for centuries. As a result, one in three Africans (some 422 million people) lives below the global poverty line (and that is a pre-COVID-19 statistic). Generations after the greatly exaggerated death of colonialism, over half of African nations’ exports are raw materials (the top five are oil, gold, diamonds, natural gas, and coal). While African farmers grow and export cash crops like coffee, cocoa beans, and tobacco to make ends meet, African net food imports are expected to triple by 2025, and undernourishment is projected to increase 33 percent over the same time period. The more things change, the more they stay the same. Read More.

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