• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Currencies

What Brexit Means For Africa…

Nairametrics by Nairametrics
June 24, 2016
in Currencies
What Brexit Means For Africa…
Share on FacebookShare on TwitterShare on Linkedin

The British people have just shocked the whole world by voting to exit the European Union. The vote basically separates the United Kingdom from the European Union after more than four decades of being a member of a union that has come into question in recent years as the world grapples with a fragile economy.

A lot will be written and said about this vote as its implications for the world and indeed Africa starts to unravel. We are still not sure what this means for us in Nigeria. We have also reached out to our content partners and analysts to pen an article explaining what this means for us. In the meanwhile, we found a few foreign articles that probably best explains what it could mean for the continent of Africa.

  • Brookings – The Brexit: What implications for Africa?

    RelatedStories

    Why your “house” is not an investment

    Why your “house” is not an investment

    July 29, 2019
    Toothpaste brands in Nigeria

    What we learnt comparing Close-Up and Oral-B Toothpaste

    April 5, 2018
  • ISS Today report – ISS Today: What Brexit means for Africa

  • News 24 – How Brexit will impact South Africa

Here are some key highlights of each article.

Brookings Institute

In sum, there are a number of ways through which the Brexit could have an impact on African countries, starting with its impact on the global economy, reduced British outwardness when it comes to global development issues, as well as decreased bilateral development assistance and trade. They are all difficult to quantify but broadly point to a negative impact on African countries. The Brexit referendum is rather inopportune as African countries are facing serious external shocks such as the fall in commodity prices, an economic slowdown in China, and higher external borrowing costs. There is not much that they can do on the external front that leaves adequate and timely domestic policies the priority.

ISS Today

If the UK does pull out, it won’t be official policy and it won’t be personal – but Africa, and especially South Africa, will nonetheless be hit, and possibly hard, by the Brexit shock waves; like every other part of the world, economists believe.

Trade, investment and, indirectly, even development aid, are likely to be hurt.

Nonetheless the sale of Kenyan roses – and all other African exports – would be hurt if the UK went into recession after exiting the EU, which he was sure it would. They would also similarly be hurt by the decline in the EU economy, which would also surely follow, Barrow said.

News 24

If the preferential trade agreements which form the cornerstone of the EU are diminished as a result of any UK exit, this will surely have a knock-on effect here in South Africa. After all, South Africa remains the UK’s largest African trading partner and while it has slipped lower on our domestic radar screens in terms of export trade, the UK remains our seventh largest import and export market in global terms (2014 figures).

A Nairametrics take on this to come soon.

Tags: Deepdive
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Why your “house” is not an investment
Markets

Why your “house” is not an investment

July 29, 2019
Toothpaste brands in Nigeria
Metrics

What we learnt comparing Close-Up and Oral-B Toothpaste

April 5, 2018
Saving Money
Financial Literacy

11 money saving apps you need to download now

March 23, 2018
Jessica Castro via Unsplash
Spotlight

Mouka Foam Vs Vitafoam; We have one clear winner

March 22, 2018
Waste Management and Recycling in Nigeria
Small Business

Recycling: How these small businesses make millions selling aluminium monthly

March 19, 2018
GTBank announces close period ahead of Q3 2019 results
Blurb

Digging into GTB’s Monstrous 2017 result

March 16, 2018
Next Post
How Brexit Affects Nigeria…

How Brexit Affects Nigeria...

Comments 3

  1. Zhe Jenn says:
    June 24, 2016 at 9:26 am

    They voted to leave the European Union not United Kingdom as stated in your opening sentence.

    Reply
    • Nairametrics says:
      June 24, 2016 at 9:28 am

      Thanks…typo corrected

      Reply
    • Nairametrics says:
      June 24, 2016 at 9:29 am

      Tnx mixup has been corrected

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • L’Oréal–Konga Health’s Beauty & Wellness Campaign gains momentum as consumers embrace affordable personal care 
  • CAP Plc appoints Oladele Ajayi as Non-Executive Director 
  • Cybercrime Charge: Court refuses AGF’s request to arrest Senator Natasha Akpoti  

Follow us on social media:

Recent News

L’Oréal–Konga Health’s Beauty & Wellness Campaign gains momentum as consumers embrace affordable personal care 

L’Oréal–Konga Health’s Beauty & Wellness Campaign gains momentum as consumers embrace affordable personal care 

June 16, 2025
CAP Plc appoints Oladele Ajayi as Non-Executive Director 

CAP Plc appoints Oladele Ajayi as Non-Executive Director 

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics