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Challenges of intra-African trade

Challenges of intra-African trade

Business Africa

African countries called upon to go beyond political promises for the implementation of Intra-African trade, which still faces lack of infrastructure and financing.

This is a major challenge for African states which are still struggling to make trade between different countries effective. In addition to non-tariff barriers and the lack of financing, infrastructure problems are majorly hampering intra-African trade. And to build quality infrastructure, the continent needs at least $300 billion by 2020.

Nigeria announces the entry into service of a new gas pipeline in the second quarter of 2019. The Nigerian government has embarked on a series of reforms, including the development of Nigerian-made products. It announced a second gas pipeline with a capacity of 2 billion cubic feet per day will be commissioned in the second quarter of this year to boost the country’s domestic gas supply.