Integrating Africa is the AfDB Group’s blog on regional integration in Africa. It chronicles the issues arising from African countries’ efforts as they work to pool resources and integrate their economies for the development of their regional and individual economies. Read More
Jan 12th 2015
Following the recent African Union (AU) Trade Ministers Conference held in Addis Ababa from December 4-5, 2014, we consider it opportune to discuss what 2015 may hold for progress towards establishing the Continental Free Trade Area.
Dec 2nd 2014
Following the US-Africa Leaders’ Summit held in August 2014, the African Development Bank has been scaling up assistance to promote US-Africa trade and investment as a means to enhance African integration into the global economy. Through grant-funding provided under the Africa Trade Fund (AfTra), the Bank is supporting the African Union Mission to the USA and African Diplomatic Corps on US-Africa trade and investment issues. Integrating Africa blog editors Calvin Manduna and Olumide Abimbola sat down with Zenia Lewis, a US-Africa trade expert who is coordinating the Bank’s efforts within the AU Mission to the USA, to discuss current and future developments expected under the project in Washington, DC.
Regional financial integration and monetary coordination in the West African Monetary Zone and the East African Community
Oct 13th 2014
Achieving regional financial integration and a regional monetary union are long-standing ambitions for most African regional economic communities (RECs) and elsewhere in the developing world. For example, late in 2013, leaders of the East African Community (EAC) agreed to establish a monetary union within 10 years. Similarly, the 15 members of the Economic Community of West African States (ECOWAS) agreed on a roadmap to establish a shared currency known as the “Eco” by 2020.
Apr 15th 2014
The global medical tourism market has been estimated at US $10.5 billion in 2012 and is projected to grow to US $32.5 billion by 2019. While there are uncertainties about the total number of medical tourists globally (as distinct from spa and wellness tourists), increasingly more Africans leave the continent in search of health care, and more tourists visit African countries to receive health care.
Mar 13th 2014
The African Development Bank estimates that illicit financial flows have drained in excess of a trillion dollars from Africa since 1980. These flows undermine the tax base, damage political institutions and exacerbate inequality. With major momentum behind global counter-measures, there are clear opportunities for progress at the regional level – including through stronger information exchange and cooperation, tax base harmonization and innovative uses of trade data.