In as far as global trade is concerned Africa has a central role to play. So critical is this role that should Africa be absent from the global trade equation the global economy simply will not prosper. Africa’s mining sector offers in 2022 and going forward a real opportunity for expansion.
Africa’s economic transformation will come from its ability to leverage the comparative advantage position its natural resources offer. Africa needs to become the seventh corridor of the Belt & Road Initiative (BRI). China will be able to enhance its dominance in the global economy if it does more to invest in and develop economic ties with Africa.
Currently the BRI in as far as Africa is concerned restricts the role of Africa to providing access to raw materials.