Trade can be an important catalyst to poverty eradication. However, this has not been true in the African story, especially trade within the continent. Worldwide, Africa contributes only three per cent to world trade. This is insignificant and telling of the poverty levels in the continent.
Trade among African countries accounts for 10 per cent of the continent’s total trade balance and it’s the least compared to trade between the continent and markets like Europe, America and Asia. Trade among African countries has been low and not highly regarded. There are reasons to this state of affairs.