Annotation: The article is based on a comprehensive study on the development of the economies of Africa at the present stage. As a result of the study of investment and trade relations of the countries of this continent with Ukraine and the European Union countries, their degree of integration into world economy has been determined. Discovered the potentials of Africa's raw materials and their significance in the modern world economy. The issue of low competitiveness of African countries and the backwardness of global trends of economic development are studied.