The Alternative Bank is set to host a virtual discussion today on the barriers hindering trade, movement and economic growth across Africa.
The session, titled “Borderlands & Barriers: What They Mean for Africa’s Economic Future,” is scheduled for 11 a.m. today on X Spaces.
The discussion will examine challenges confronting businesses operating across African borders, including restrictions on movement, trade barriers and difficulties accessing markets beyond their home countries.
Particular attention is expected to be paid to the challenges faced by businesses involved in trade and exports, as the ease of moving goods and services across the continent remains a key factor in strengthening intra-African commerce.
The conversation comes amid ongoing efforts by African countries to deepen regional trade through the African Continental Free Trade Area (AfCFTA), which seeks to establish a single market for goods and services across the continent.
Nigeria, Africa’s most populous country, is among the economies with significant opportunities in stronger intra-African trade. However, businesses and exporters continue to contend with challenges such as logistics, border procedures, inadequate infrastructure and the cost of moving goods between countries.
The Alternative Bank, a non-interest financial institution, is organising the conversation as part of its focus on economic development and business growth.
The session is expected to provide a platform for participants to examine how existing barriers affect African businesses and discuss possible measures to facilitate cross-border commerce.
Members of the public will be able to follow the discussion and participate through the bank’s X Spaces session.
