Among other factors, the World Bank indicates that with an anticipated human population growth of about 1.458 billion by 2025, Africa is increasingly becoming a frontier for investment and world economic development. Increases in demographic transitions opens a window of opportunities, as the working age population increases. This presents an opportunity to open up the African market to enhance intra-African trade, as well as the flow of capital across borders and between Africa and the rest of the world over time. The African Development Bank, UNDP, and OECD report that recent trends in African total trade flows – exports and imports, highlight a shift in trade dynamics and increasing competition from China for the African market. From 2010 to 2013, intra-African exports grew by 50% and by another 11.5% in 2014 to USD61.4 billion. Despite Europe’s dominance in Africa trade, Africa’s trade with Asia rose by 22% between 2012 and 2013. Moreover, since 2000 official remittances to Africa increased six-fold and were projected to reach USD64.6 billion in 2015 with Egypt and Nigeria receiving the bulk of flows. At the same time, increasing Greenfield investments from China, India, and South Africa are expected to increase foreign investment in the continent. The resultant effects of these are improvements in the overall economic growth and developments in the financial sector. In fact, Ahmed et al., (2014) estimates the contribution of Africa’s demographic dividend to gross GDP volume growth of 10-15% by 2030. Standard economic theory postulates that the flow of foreign capital to a recipient country increases its stock of capital and technological knowledge, leading to better economic performance. Capital flows could also enhance local savings, promote capital accumulation, and market efficiency. To reap the above benefits, African countries ought to establish stronger ties and collaborations with the global economy. However, the degree and extent of both inter- and intra-regional interconnectedness ought to be pegged at certain optimal levels in order to reap benefits from scale economies.