Market Potentials For Every Need

Mano River Union

On October 3, 1971, the Republic of Liberia and Sierra Leone established the Mano River Union (MRU). On 25 October 1980, the Republic of Guinea joined the union. On 15 May 2008, Côte d’Ivoire also joined the Mano River Union. The aim of MRU is to among other things:

  • Intensify efforts for closer economic cooperation between member countries
  • Expand trade by the elimination of all barriers to mutual trade
  • Create the conditions favorable to an expansion of joint productive capacity
  • Secure a fair distribution of the benefits from economic cooperation
  • Accelerate the economic growth; social progress and cultural advancement of member countries
  • Provide active collaboration and mutual assistance in matters of common interest in economic, social, technical, scientific, and administrative fields.


Member State Population Imports/Exports Exports Imports GDP per capita GDP (PPP)
Liberia  5 million Imports: Fuels, chemicals, machinery, transportation equipment, manufactured goods; foodstuffs
Exports: Iron, diamonds, timber,
rubber, cocoa, coffee
$260.6 million $1.166 billion  $867 $3.960 billion
Sierra Leone 8 million Imports: food products, machinery
and equipment, chemicals, fuels  and lubricants
Exports: Diamonds, cocoa, coffee and fish
$839M $1.3B $1,400 $4,000 million
Guinea 14 million Imports: Machines, metals,  textiles, and petroleum products
Exports: Bauxite, alumina, gold, diamonds,  coffee, fish, agricultural products
$2.9B $3.64B $2,000 26.47 billion
Cote d’Ivoire 24 million Imports: Crude Petroleum, Rice, Non-fillet Frozen Fish,
Packaged Medicaments and
Refined Petroleum
Exports: Cocoa Beans, Rubber, Cocoa Paste, Cocoa Butter, and Refined Petroleum
$11.74 billion $9.447 billion $4,177 $43.032 billion

In 1964, Liberian president William Tubman proposed an economic union for West Africa leading to an agreement which was signed in 1965 by the four states of Cote d’Ivoire, Guinea, Liberia, and Sierra Leone. However, it was not until 1972 that a proposal for a union of West African States emerged. ECOWAS is meant to foster interstate economic and political cooperation. Its members are as follows:

Benin Ghana Niger
Burkina Faso Guinea Nigeria
Cabo Verde Guinea Bissau Sénégal
Cote D’Ivoire Liberia Sierra Leone
The Gambia Mali Togo


Population, 2015 estimate 349,154,000
GDP (PPP), 2015 estimate US$1.483 trillion
Per capita US$4,247
GDP (nominal) $675 billion
Per capita $1,985
Arab Maghreb Union

On Feb. 17, 1989 the treaty that gave birth to the formation of Arab Maghreb Union (AMU) was signed in Marrakech, Morocco. Representing the 5-member countries at the summit were King Hassan II of Morocco, Col. Muammar Gaddafi of Libya, President Zine El Abidine Ben Ali of Tunisia, President Chadli Bendjedid of Algeria, and Col. Maaouya Ould Sid’Ahmed Taya of Mauritania.

AMUS’ basic objective is geared toward increasing inter-regional trade and cooperation, the preservation of listing peace and security in the Maghreb. Despite the geographical proximity, historical and cultural and economic similarities which Maghreb states share, they are endowed with resources that are dissimilar. The Union has been unable to achieve tangible progress on its goals due to deep economic and political disagreements between Morocco and Algeria regarding, among others, the issue of Western Sahara. Its members are: Algeria, Libya, Mauritania, Morocco, Tunisia.

European Union

European Union
The European Union (EU) is a political and economic union of 28 member states that are located primarily in Europe. The EU has developed a single internal market through a standardized system of laws that apply in all member states in those matters, and only those matters, where members have agreed to act as one. EU policies aim to ensure the free movement of people, goods, services, and capital within the internal market, enact legislation in justice and home affairs and maintain standard policies on trade, agriculture, fisheries, and regional development.

A monetary union was established in 1999 and came into full force in 2002 and is composed of 19 EU member states which use the euro currency. The eurozone consists of the following states:

Austria Germany Poland
Belgium Greece Portugal
Bulgaria Hungary Romania
Croatia Ireland Slovakia
Cyprus Italy Slovenia
Czechia Latvia Spain
Denmark Lithuania Sweden
Estonia Luxembourg United Kingdom[k]
Finland Malta
France Netherlands
Population (2019 estimate) 513,481,691
GDP (PPP), 2018 estimate $22.0 trillion
Per capita $43,150
GDP (nominal) 2018 estimate $18.8 trillion
Per capita $36,580

Arab League

The Arab League

The Arab League (Arabic: الجامعة العربية‎ is a regional organization of Arab states in and around North Africa, the Horn of Africa and Arabia. It was formed in Cairo on 22 March 1945 with six members: Egypt, Iraq, Jordan, Lebanon, Saudi Arabia, and Syria. The League’s primary goal is to “draw closer the relations between member States and coordinate collaboration between them, to safeguard their independence and sovereignty, and to consider in a general way the affairs and interests of the Arab countries.” As of 2016, there are 22 member states:

Algeria  Mauritania  United Arab Emirates
 Bahrain  Morocco  Yemen
 Comoros  Oman and 5 observer states:
 Djibouti  Palestine  Brazil
 Egypt  Qatar  Eritrea
 Iraq  Saudi Arabia  India
 Jordan  Somalia  Venezuela[15]
 Kuwait  Sudan  Armenia
 Lebanon  Syria
 Libya  Tunisia
Population (2015 estimate) 423,000,000
*GDP (norminal) 2011 estimate) $3.526 trillion
Per capita $4,239
GDP (**PPP) 2016 estimate $6.484 trillion
Per Capita $9,347
(DZB) Algerian dinar (BHD) Bahraini dinar
(KMF) Comorian franc (DJF) Djiboutian franc
(EGP) Egyptian pound (IQD) Iraqi dinar
(JOD) Jordanian dinar (KWD) Kuwaiti dinar
(LBP) Lebanese pound (LYD) Libyan dinar
(MRO) Mauritanian ouguiya (MAD) Moroccan dirham
(OMR) Omani rial (QAR) Qatari riyal
(SAR) Saudi riyal (SOS) Somali shilling
(SDD) Sudanese pound (SYP) Syrian pound
(AED) UAE dirham (YER) Yemeni rial
(TND) Tunisian dinar

*Gross domestic products (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.

** While PPP  most common usage is between two locations that use different currencies. In that case, PPP produces an exchange rate that equals the ratio of the price of the basket of goods at one location over the price of the basket of goods at a different location. The PPP exchange rate may be different than the market exchange rate because of transportation costs, tariffs, and other frictions. PPP exchange rates are widely used when comparing GDP from different countries.

North American Markets

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Other African Markets

Other African Markets

  • The Southern African Development Community (SADC)
  • The Common Market for Eastern and Southern Africa (COMESA) is a free trade area
  • The East African Community (EAC)
  • The Economic Community of Central African States (ECCAS
  • The Intergovernmental Authority on Development (IGAD)
  • The Economic and Monetary Community of Central Africa (CEMAC)
  • The Southern African Customs Union (SACU)
  • West African Economic and Monetary Union (UEMOA) also known as ECOWAS
Regional Blocs Population GDP (PPP) ($US) in Millions Member
per capita
AEC 853,520,010 2,053,706 2,406 54
ECOWAS 349,154,000 1,322,452 3,888 15
ECCAS 121,245,958 175,928 1,451 11
SADC 233,944,179 737,335 3,152 15
EAC 169,519,847 411,813 2,429 6
COMESA 406,102,471 735,599 1,811 20
IGAD 187,969,775 225,049 1,197 7
Other Population GDP (PPP) ($US) Member
African states
blocs in millions per capita
CEMAC 2 34,970,529 85,136 2,435 6
SACU 51,055,878 541,433 10,605 5
UEMOA 1 80,865,222 101,640 1,257 8
UMA 2 84,185,073 491,276 5,836 5
GAFTA 3 166,259,603 635,450 3,822 5

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