Global market conditions don't seem to be getting any better with trans-Atlantic capital market its actors and offshore subsidiaries look at facing their toughest challenge yet come winter with current energy crisis and grain security as a result of Ukraine x Russia friction post deteriorating conditions in capital markets since 2008 to date.
Local take sees China's influence on the continent (Africa) unhelpful to the state of the dollar, trans-Atlantic capital market activity, the Euro market and their off shore bonds. Such so since value addition is increasingly attained through strategic investment where local bonds are of concern.
Although derivatives attained from trade through the dollar ($) is still a player in regards to tender between the two in addition to other avenues. Ultimately, respective 'influence' from eastern partner(s) ought see to it shut out.
Done right, a gradual gravitate to African markets and their mediums where the purchase of finished goods is of concern will be the hallmark. Being the source for majority of raw material on the global scene - strategic projects ought shut out the dollars influence on the continent in the shape of a far more independent landscape.
How this will influence future trade and business model with the west will be telling in the next 10 - 20 years, in sought towards being trade competitive on a global scale. All hingent ofcourse on contractual agreements, business investments, investors and their investment leverage (share %), in correlation to positioning of value added stock on the international market.
The current climate in addition to how western stock markets operate in efforts to maintain healthy readings (depth in markets through new listings, debt facilities and further heavy investment activity) will be a test for financial practitioners on the African continent where looking to ensure unnecessary derivative leakage of their hard earned currency in correlation to newly found value added productive capacity isn't leached towards #OffShoreFinancialMarkets.
Expect counter efforts (further) to derail this narrative if not so observed already.
#ProgressiveLivingInDevelopingEconomies.
》 Source at dissection; https://twitter.com/concodanomics/status/1579290379135770624?t=Hp4prwC2XkzDXIvI0RNBuw&s=19