Boosting Export in Africa: Pathways to regional development

Project Date :

10 April 2023
Africa is yet to fully leverage its export potential to accelerate economic development. The region significantly lags behind other developing regions such as South Asia, Latin America, and the Caribbean. Even with the signing of the African Continental Free Trade Area Agreement (AfCFTA), the total intra-African exports account for 19.7% of the total exports from Africa in 2019, which is a 3.9% decrease from 2016. Africanexports of goods and services in the Sub-Saharan African region declined from 394.88 billion U.S. dollars in 2019 to 343.61 billion U.S. dollars in 2021, amounting to approximately a 13% decrease.

BoEXA is a project in partnership with the Centre for Export Development, which aims at exploring how Africa can boost regional development through human capital-driven export activities.

  • The project traces the factors hindering export diversification in Africa given that most of the countries overly depend on rents from mining and extractive industries.
  • As the current level of human capital in Africa does not sufficiently support economic development, BoEXA maps the size of human capital capacity required to accelerate economic growth through high-tech export activities.
  • The project providesa policy framework that will enhance export efficiency and benefits AfCFTA throughthe grassroots promotion of human capital capacity building.

 

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Projects

Jude Edeh 2023

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