(African
markets will suffer from market volatility. Long-term implications subject to
global agenda)
The
short-term implications of Brexit for African economies will be mainly
noticeable through market volatility. However, according to Control Risks and
NKC African Economics, the longer-term impacts on Africa from Brexit are
speculative and depend as much on the attitude of future British governments as
on the terms of exit. The longer term implications – both economic and
geopolitical – hinge on what the terms of Britain leaving the EU are, and how
this feeds through transmission mechanism to Africa through trade, aid and soft
power and political influence.