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Good news: Since 2000, the intra African trade doubled in proportion of the total trade. Goods and services exchanged within Africa are of higher added value than with the rest of the world.
More good news: income inequality between African countries has significantly decreased:a strong decline in the population-weighted average Gini coefficient of inequality from 0.44 in 2000 to 0.39 in 2020.
In these challenging times marked with inflation, climate change, pandemics, and geo-political tensions, one should be concerned with the situation of the poorest economies, in Africa notably. And rightly so, food insecurity, human capital losses, adaptation to climate change, conflicts, and growing macroeconomic imbalances capture most of the attention of African citizens, governments, and development institutions, with maybe an old tune of Afro-pessimism: poor African countries will never get out of their poverty traps, as they are confronted with too many problems.
Laszlo Xalieri
Gawain