African Union Commission Strategy to Diversify and Grow Africa’s Exports

The Project at A Glance

Africa is a dynamic continent with unique characteristics and unparalleled challenges but also huge untapped potential for trade and economic growth. Africa’s total exports remain low: the continent represents only 6% of all developing economies’ total merchandise exports. More than half of the region’s exports are fuel and mining products, with the other half comprising of manufactured goods (28%) and agro-products (15%).

International Economics will support the Fundación Internacional y para Iberoamérica de Administración y Políticas Públicas, F.S.P. (FIIAPP) with the development of a strategy to grow and diversify Africa’s exports.

What We Found

International Economics’ work includes the development of a strategy involving the collection of information necessary to, after an in-depth assessment of the situation, propose possibilities for promoting and diversifying the export capacities of African countries, boosting their participation in international trade and, ultimately, contributing to increasing sustainable inclusive economic growth and economic development throughout Africa.

Our Strategy and Impact

Specifically, the team will:

  1. Conduct a diagnostic of Africa’s trade and manufacturing capacity toward exports, including on the structure and patterns, challenges, and opportunities, the existing trade policy and regulatory frameworks.
  2. Identify export potential and strategic recommendations, based on global and regional successful initiatives, and produce an Action Plan to promote intra- and extra-continental trade.
  3. Disseminate the strategy for validation at the AU Specialised Technical Committee on Trade, Industry and Minerals and for distribution at the AU Exporters Conference.

Our Core Solutions

As businesses seek to expand operations into new markets, the need to explore global supply chains and understand the international regulatory framework becomes crucial to competitively expand into new product/service lines and markets, reduce costs, increase revenue and reduce portfolio risks.

At International Economics Consulting, we build tailor-made strategies for both import and export-oriented business solutions. We carry out sensitivity analysis and prepare detailed resource scheduling and standard performance dashboards to track the implementation process and financial ratio performance of your products and services. We can also work on corporate leadership and change management strategy. Finally, we develop the analytics and risk matrices and use our cognitive computing insights to update these in real-time.

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