Mr. Okediran zeroes in on the need for increased trade on the African continent: "Valentine Rugwabiza, deputy director general of the WTO [World Trade Organization], states that trade amongst African countries stands at about 10 per cent of the continent’s overall trade. Africa’s share in world trade is terribly minute and the continent is perhaps the most fragmented continent in the world with 54 countries and numerous borders erecting trade barriers. Established institutions also adversely affect trade: infrastructure is terribly inadequate, making Africa perhaps the most expensive continent in which to conduct business. Rugwabiza, in a speech at the University of Witwatersrand in Johannesburg, South Africa last year stated that it costs around $900 to ship a container from South-East Asia to Africa, while it costs almost $2000 to ship the same container from Africa to South-East Asia."
More: "Bauer was right: Africa’s challenge is not the limited availability of resources. It is simply the lack of emphasis on the role of trade as a vehicle for economic development. Africa has the potential to boost economic growth, but before that can happen, Bauer must be listened to."