The continent’s free trade area, a growing middle class, an emerging consumer market, increased access to financial services and technology, and dynamic private entrepreneurs can help diversify African economies. African countries must diversify their exports to survive economic shocks from global crises such as the COVID-19 pandemic and the war in Ukraine, says the United Nations Conference on Trade and Development (UNCTAD). In its Economic Development in Africa Report 2022 published on 14 July, UNCTAD says African countries can diversify their economies through boosting exports of high-value services, expanding private businesses’ access…
Read MoreUNCTAD urges African countries to rethink export diversification to survive economic shocks
