U.S. Trade Restrictions as Opportunities – Nissi Ogulu
Nissi Ogulu is one of the top ten young Africans shaping the continent’s future..
A Hidden Opportunity in Global Trade Shifts
As global trade policies become more restrictive, with the United States adjusting its economic engagement with certain African countries, this could be a golden opportunity. A hidden opportunity for our nations to prioritise domestic trade and reduce dependence on international imports. This benefit in disguise will force us to strategically eliminate or, at the very least, reduce the trade barriers that restrict the expansion of trade within African regional blocs.
Breaking Free from Foreign Economic Reliance
For decades, Africa has relied heavily on external economic initiatives such as the United States Agency for International Development (USAID) and the African Growth and Opportunity Act (AGOA). While these programs have provided temporary relief and market access, they have not resulted in sustainable, long-term economic transformation. Many African economies remain heavily dependent on raw material exports, foreign aid, and external trade preferences rather than fostering self-sufficiency and industrialisation.
Africa’s Untapped Wealth: A Strategic Asset
Africa is at a critical crossroads at which it must reassess the strategic utilisation of its vast natural resources. The continent holds approximately 30% of the world’s known mineral reserves, 40% of global gold reserves, and significant oil and natural gas deposits. Additionally, Africa is home to an estimated 60% of the world’s uncultivated arable land. This makes it a key player in global food security and sustainable agriculture.
AfCFTA: Africa’s Road to Economic Integration
By leveraging these resources, African nations can focus on enhancing infrastructure and energy sectors through intra-continental investment and cooperation. Developing regional supply chains, refining raw materials locally, and expanding energy infrastructure will strengthen Africa’s economic resilience. Additionally, investing in renewable energy solutions and transnational oil and gas pipelines will up the ante. Prioritising intra-African trade under the African Continental Free Trade Area (AfCFTA) could significantly reduce dependency on external partners. Consequently, Africa will create a more integrated, self-sustaining economic environment.
From Aid to Action: Rethinking Development
To achieve this, African governments and private sector stakeholders must shift reliance on external aid and trade agreements toward strategic investment in industrialisation, innovation, and infrastructure. This approach will increase economic stability and position Africa as a key player in the global economy on its terms.
In the words of the great Julius Nyerere, “Without unity, there is no future for Africa. We must unite or perish”.
Author: Nissi Ogulu (Co-founder, Kemet Automotive)
