As global trade policies become more restrictive, with the United States adjusting its economic engagement with certain African countries, this could serve as a golden opportunity for our nations to prioritise domestic trade and reduce dependence on international imports. This benefit in disguise will force us to strategically eliminate or at the very least reduce the trade barriers which restrict the expansion of trade within African regional blocs.
For decades, Africa has relied heavily on external economic initiatives such as the United States Agency for International Development (USAID) and the African Growth and Opportunity Act (AGOA). While these programs have provided temporary relief and market access, they have not resulted in sustainable, long-term economic transformation. Many African economies remain heavily dependent on raw material exports, foreign aid, and external trade preferences rather than fostering self-sufficiency and industrialisation.
Africa is at a critical crossroads where it must reassess the strategic utilisation of its vast natural resources. The continent holds approximately 30% of the world’s known mineral reserves, 40% of global gold reserves, and significant oil and natural gas deposits. Additionally, Africa possesses an estimated 60% of the world’s uncultivated arable land, making it a key player in global food security and sustainable agriculture.
By leveraging these resources, African nations can focus on enhancing infrastructure and energy sectors through intracontinental investment and cooperation. Developing regional supply chains, refining raw materials locally, and expanding energy infrastructure, including renewable energy solutions and transnational oil and gas pipelines, will strengthen Africa’s economic resilience. Prioritising intra-African trade under the African Continental Free Trade Area (AfCFTA) could significantly reduce dependency on external partners and create a more integrated, self-sustaining economic environment.
To achieve this, African governments and private sector stakeholders must shift from reliance on external aid and trade agreements toward strategic investment in industrialisation, innovation, and infrastructure. This approach will not only increase economic stability but also position Africa as a key player in the global economy on its own terms.
In the words of the great Julius Nyerere, “Without unity, there is no future for Africa. We must unite or perish”.
Written By: Nissi Ogulu ( Co-founder, Kemet Automotive)