Nigeria, Benin, and Côte d’Ivoire have recently been admitted to the European Bank for Reconstruction and Development (EBRD), providing fresh opportunities for infrastructure funding and private sector growth.

The EBRD, which has historically focused on Europe, is now expanding its reach to Africa. This move could improve access to international finance, but experts say the real challenge will be ensuring these commitments turn into practical projects. African countries still face some of the highest borrowing costs globally, underlining the need for fairer financial conditions.

At the same time, the United States is shifting its approach in Africa, moving away from traditional aid toward increasing trade partnerships, particularly in countries like Guinea. While this reflects a global trend, questions remain about how much this shift will benefit African economies, especially considering the continent’s larger trade volume with China.

In Guinea, recent efforts to revoke numerous mining licences have raised concerns about regulatory consistency and investment security. Zimbabwe also faces challenges as stricter United Kingdom visa rules clash with the realities of migration and labour movement.

Meanwhile, a trade dispute between Malawi and Tanzania over bananas has left farmers uncertain, showing how regional economic tensions can affect everyday livelihoods.

Geoff Iyatse, an economist and business journalist based in Nigeria, stresses that Africa’s development ultimately depends on its ability to mobilise capital internally and boost trade within the continent through initiatives like the African Continental Free Trade Area.

“Africa’s growth must come from within,” says Iyatse. “Relying on external partners alone is not enough. We need to create fair financial markets and strengthen intra-African trade.”

--ChannelAfrica--