Issues arising from pooling resources and integrating economies
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
Olumide Abimbola is Trade Expert at the Regional Integration and Trade Division of the African Development Bank. He did his PhD on informal trade and regional integration at the Max Planck Institute for Social Anthropology in Germany. He has also been a post-doctoral fellow at the University of Neuchatel in Switzerland. He has published on informal trade, cross-border relations and regional integration.
Regional financial integration and monetary coordination in the West African Monetary Zone and the East African Community
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.