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Collaborate and work together to Improve Intra-African Trade – Osinbanjo to African Countries
Prof. Oluyemi Oluleke Osinbajo, former Vice President of the Federal Republic of Nigeria has urged African countries to collaborate, work together to improve intra-African trade.
He said this could be done by building infrastructure that connect the countries both digitally and physically.
He noted some of Africa’s accomplishments at the level of intra-African trade, stating that as much as 41 per cent of Africa’s machinery exports were traded within the continent.
Prof. Osinbajo also noted that 35 per cent of biopharmaceutical products and 30 per cent of industrial chemicals were already being traded as a measure of intra-African trade.
Speaking at the BOMA of Africa event on the sidelines of the Africa Union’s Mid-Year Coordinating Meeting held in Accra last Saturday, Prof. Osinbajo said it is in the best interest of Africa to improve trade among its member countries.
This year’s theme for BOMA of Africa, “From the Africa We Want to the Africa We Build,” encapsulates the essence of Africa’s journey. Through focused discussions on health, wealth creation, development financing, and governance, BOMA 2024 aimed to ignite new momentum towards realizing Africa’s continental aspirations. By spotlighting major projects and initiatives, the event aimed to foster a spirit of collaboration and determination.
Touching on Africa’s rich biodiversity, Prof. Osinbajo said the continent had high biodiversity reserves and the scale of natural capital to preverse centuries of ecological erosion and the unbridled carbon-laden industrialisation of yesterday.
Noting that there is a wave of brain drain that has hit African countries, Prof. Yemi Osinbajo, who previously served as Attorney General of Lagos State from 1999 to 2007, said Africa must create an environment that rewards the talents of its people to prevent movement of African labour to other continents.
“Labour is always going to find the place where it is best rewarded. Anywhere in the world, wherever labour is best rewarded, that’s where it’ll go. That’s why there are lots of movements all across the world. It’s, therefore, best for Africa to create the environment for rewarding talent,” Prof. Osinbajo said.
He said according to experts, as much as one quarter of the planet’s workforce was likely to be of African origin and of the youthful workforce in particular, as much as 42 per cent may be in Africa by 2050.
“according to him, an energetic pool of youthful talent fortified with fast-advancing artificial intelligence and the geoengineering edge of a world that is desperately in need of a new economic growth paradigm is an edge that the rest of the world ignores at great risk.”
“Integrate trade, digital transaction and work together to build a resilient, rich, prosperous economy and then people will stay and people will come from everywhere in the world to Africa. There’s no other solution,” he said.
With regards to Africa’s health development readiness, Prof. Osinbajo noted that during the pandemic, Africa, through the collaboration of Panavirus and the Africa CDC, brokered by AfroChampions, built and deployed the world’s first vaccine passport.
“The Panavirus platform digitally connected labs and hospital facilities, as well as pathogen genomic centres in 20 countries of Africa,” he added.
AUDA-NEPAD and AfroChampions, alongside other strategic partners, have hosted the annual BOMA of Africa event during African Integration Week since 2019. This year’s BOMA was aligned with the AU Mid-Year Coordination Meeting, further cementing its significance on the continent’s commemorative calendar.
The BOMA of Africa has become a premier platform for showcasing the continent’s most inspirational achievements in unity and integration.
Convened at the highest level, the event aims to move beyond discussions to concrete actions, inspiring Africans across various fields such as science, technology, education, the creative arts, and entrepreneurship.
The 2024 BOMA of Africa is a strategic milestone on the path to achieving the Africa We Want. AUDA-NEPAD and AfroChampions reaffirm their unwavering commitment to the goals of Agenda 2063, setting a precedent for accountability, innovation, and unity across the continent.
The Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) successfully held its sixth (6th) Exchange Programme, hosted by the Ghana Export – Import Bank (GEXIM) Bank in Accra from March 22 to 23 March.
The event brought together member institutions, partner organisations and Ghanaian public entities to advance dialogue on South-South trade, investment and development finance, while also creating opportunities for knowledge-sharing and institutional cooperation.
Organised as a capacity-building and networking platform, the 2026 edition of the G-NEXID Exchange focused on GEXIM’s experience in developing innovative solutions to promote intra-African and extra-African trade.
It also highlighted trade and investment opportunities in Ghana, particularly in the context of the African Continental Free Trade Area (AfCFTA) and broader national development initiatives.
The Exchange Programme forms part of G-NEXID’s mandate to foster cooperation among export-import banks and development finance institutions in support of South-South trade and investment.
This 6th edition follows earlier successful programmes hosted by India Exim Bank (2016), BNDES (2017), Indonesia Eximbank (2018), Afreximbank (2019) and Saudi EXIM Bank (2025).
On the first day, participants were presented with G-NEXID institutional information and received an update on the Network’s 2026 work programme.
There were a series of substantive presentations, including an overview of the Ghanaian economy by the Ministry of Finance, with particular attention to debt-related challenges; a presentation by the Ghana Investment Promotion Centre (GIPC), on investment opportunities in the country; and institutional presentations by GEXIM and Development Bank Ghana (DBG) on their respective mandates, initiatives, products and services.
Discussions during the sessions underscored strong interest in sector-focused webinars and business dialogues, particularly in agribusiness value chains such as poultry and rice.
Participants also emphasized the importance of continued information exchange and the sharing of best practices, especially in the area of guarantees.
The second day opened with a presentation on the 24-Hour Economy and Accelerated Export Development Programme, a national economic transformation strategy launched by President John Dramani Mahama in July 2025.
The initiative aims to enhance economic productivity through continuous industrial activity, accelerated export development and strategic import substitution.
As the programme is expected to mobilise both private and development capital, it presents concrete opportunities for G-NEXID members in areas such as co-financing, guarantees, trade finance and technical cooperation.
The programme also featured institutional presentations by guest organisations, namely the African Guarantee and Economic Cooperation Fund (FAGACE) and the West African Development Bank (BOAD), which shared their mandates, initiatives, products and services.
Following these exchanges, the G-NEXID Secretariat held bilateral discussions with both institutions as part of the Network’s ongoing membership drive.
Participants further benefited from a presentation by the Eastern and Southern African Trade and Development Bank (TDB), as well as a showcase of GEXIM’s key pipeline projects.
On the margins of the Exchange Programme, G-NEXID members also held their 20th Annual General Assembly Meeting to review progress and discuss strategic priorities.
Following the event, participants joined the GEXIM@10 International Conference, held from March 24-25, 2026 under the theme, “A Decade of Enabling Export Trade and Industrial Transformation: Resetting GEXIM for the Next Frontier.”
The conference provided an important platform for exploring how Ghana can strengthen its transition from a primary commodity exporter to a more competitive player in value-added trade and industrial development.
Source – G-NEXID
President John Dramani Mahama on Tuesday, March 31, 2026, signed five bills including three amendment bills passed by Parliament into law.
They are: Security and Intelligence Agencies Bill, 2025; University of Engineering and Agricultural Sciences Bill, 2025; Ghana Deposit Protection (Amendment) Bill, 2025; Growth and Sustainability Levy (Amendment) Bill, 2026; and Education Regulatory Bodies (Amendment) Bill, 2026.
In a brief remark after assenting to the bills, President Mahama explained that the Security and Intelligence Agencies Act, 2026, scraps the Office of Minister of National Security and frees the President’s to appoint any Minister to supervise the security agencies.
He said it also reverses the name of the office of National Intelligence Bureau (NIB), to the original name, Bureau of National Intelligence, (BNI).
This the President said, addresses the confusion between that security agency and a well-known Ghanaian financial institution, the National Investment Bank.
President Mahama also noted that the University of Engineering and Agricultural Sciences Act, 2026, establishes another University in the Eastern Region, at Bonsu, with three campuses – the main campus at Bonsu in the Eastern Region, with the second campus to be cited at Ohawu in the Oti Region.
The third, the Presdient assed will be located at Acherensua in the Ahafo Region.
Touching on the Amendment to the Growth and Sustainability Levy Act, the President said, “As you’re aware, the act was amended to increase it from 1% to 3%, and so this act reduces it again. That is the levy on mining companies. It reduces it again to 1%, because of the introduction of the sliding scale of royalties.”
He also spoke to the passage of the Government Education Regulatory Bodies Amendment Act, emphasising that amends Act 1023 to grant greater flexibility to private tertiary institutions and the option to Charter.
The Ghana Deposit Protection Amendment Act, the President concluded, is an amendment to an original act that was supposed to guarantee deposits held in commercial banks or financial institutions.
It basically expands protection to include mobile money wallets and other digital platforms, ensuring a wider scope of digital financial assets are secured.
The signing ceremony, was witnessed by the Clerk of Parliament, Mr. Ebenezer Ahumah Djietror, Secretary to the President, Dr Callistus Mahama, the Minister of Justice and Attorney General, Dr Dominic Akrutinga Ayine, Chief of Staff, Julius Debrah, Joyce Bawa Mogtari, a Senior Presidential Advisor and a Special Aide to the President, Finance Minister, Dr Cassiel Ato Baah Forson, and the Vice President, Professor Jane Naana Opoku Agyemang.
