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African Regional Blocs

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The African regional blocs


1.East African Community (EAC),
2. Economic Community of Central African States (ECCAS),
3.Southern African Development Community (SADC),
4.Economic Community of West African States (ECOWAS)

South Africa and Nigeria are the first and second largest exporters from the continent. African merchandise trade has risen faster than those of the developed and developing economies. However, the continent still accounts for a very low share of international trade. However, the structure and pattern of trade vary significantly by-products and regions.

Undoubtedly, trade has come with both benefits and daunting challenges to countries involved, especially in African nations, where primary and intermediate merchandise formed a substantial share of exports. Because advanced and newly industrialized economies have better technology and know-how, manufacturing industries, access to finance, and market than Africa, they have a greater market proportion in the world trade.

The frequent global oil crunch other raw products are a wake-up call for a rapid industrialization and diversification for competitiveness in Africa. The World Trade Organization (WTO) has to ensure that defensive trade remedies should not be the next frontier of protectionism. Finally, for trade, growth, and development to be stimulated, African countries should urgently open their markets to expand intra-African trade.

 

  LIST OF AFRICAN COUNTRIES      
  Country or territory Currency   Sub Region
1 Algeria Algerian dinar DZD Northern Africa
2 Angola Angolan kwanza AOA Middle Africa
3 Benin West African CFA franc XOF Western Africa
4 Botswana Botswana pula BWP Southern Africa
5 Burkina Faso West African CFA franc XOF Western Africa
6 Burundi Burundi franc BIF Eastern Africa
7 Cabo Verde Cape Verdean escudo CVE Western Africa
8 Cameroon Central African CFA franc XAF Middle Africa
9 Central African Republic Central African CFA franc XAF Middle Africa
10 Chad Central African CFA franc XAF Middle Africa
11 Comoros Comorian franc KMF Eastern Africa
12 Congo, Democratic Republic of the Congolese franc CDF Middle Africa
13 Congo, Republic Central African CFA franc XAF Middle Africa
14 Cote d’Ivoire West African CFA franc XOF Western Africa
15 Djibouti Djiboutian franc DJF Eastern Africa
16 Egypt Egyptian pound EGP Northern Africa
17 Equatorial Guinea Central African CFA franc XAF Middle Africa
18 Eritrea Eritrean nakfa ERN Eastern Africa
19 Eswatini (formerly Swaziland) Swazi lilangeni SZL Southern Africa
20 Ethiopia Ethiopian birr ETB Eastern Africa
21 Gabon Central African CFA franc XAF Middle Africa
22 Gambia Gambian dalasi GMD Western Africa
23 Ghana Ghanaian cedi GHS Western Africa
24 Guinea Guinean franc GNF Western Africa
25 Guinea-Bissau West African CFA franc XOF Western Africa
26 Kenya Kenyan shilling KES Eastern Africa
27 Lesotho Lesotho loti LSL Southern Africa
28 Liberia Liberian dollar LRD Western Africa
29 Libya Libyan dinar LYD Northern Africa
30 Madagascar Malagasy ariary MGA Eastern Africa
31 Malawi Malawian kwacha MWK Eastern Africa
32 Mali West African CFA franc XOF Western Africa
33 Mauritania Mauritanian ouguiya MRU Western Africa
34 Mauritius Mauritian rupee MUR Eastern Africa
35 Morocco Moroccan dirham MAD Northern Africa
36 Mozambique Mozambican metical MZN Eastern Africa
37 Namibia Namibian dollar NAD Southern Africa
38 Niger West African CFA franc XOF Western Africa
39 Nigeria Nigerian naira NGN Western Africa
40 Rwanda Rwandan franc RWF Eastern Africa
41 Sao Tome and Principe Sao Tome and Principe dobra STN Middle Africa
42 Senegal West African CFA franc XOF Western Africa
43 Seychelles Seychellois rupee SCR Eastern Africa
44 Sierra Leone Sierra Leonean leone SLL Western Africa
45 Somalia Somali shilling SOS Eastern Africa
46 South Africa South African rand ZAR Southern Africa
47 South Sudan South Sudanese pound SSP Eastern Africa
48 Sudan Sudanese pound SDG Northern Africa
49 Tanzania Tanzanian shilling TZS Eastern Africa
50 Togo West African CFA franc XOF Western Africa
51 Tunisia Tunisian dinar TND Northern Africa
52 Uganda Ugandan shilling UGX Eastern Africa
53 Zambia Zambian kwacha ZMW Eastern Africa
54 Zimbabwe United States dollar USD Eastern Africa
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