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By far the most significant impact of a "hard Brexit" for Africa would be felt in the financial services sector.Africa, however, could suffer as a result.That could hurt U.K.-African trade more broadly. Unfortunately, Britain may be more important for Africa's future in this regard than vice versa. The risk Brexit poses to Africa should not be overstated.As British assistance in Africa has evolved from narrow poverty-reduction efforts to funding business projects in countries like Ethiopia and Rwanda, the U.K. has emerged as a key ally in helping Africa execute its own development strategy.With the right incentives, Africa could come to play a more central role in U.K. economic planning.As the U.K. readies to turn away from the EU, Africa must be ready to pick up the slack.
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