ABSTRACT
A new Pan-Africanism approach and compatible political economy institutions are necessary for an integrated and dynamic economic system to emerge and facilitate socio-economic transformation and renaissance. This chapter develops a political economy argument whose central thesis is that Pan-Africanism has considerable potential to promote economic and political development with affinity to mutual development if it can create collective solidarity to eliminate deep-rooted vested interests in protecting extractive institutions that doomed a sustainable and inclusive development process. In this context, author argues that it is time to make use of the power of imagination and innovate a new set of political economic strategies that focus on rebuilding the pillars of horizontal and vertical integration and synchronization of policies and practices. African countries are seriously implementing the measures to do away with extractive economic institutions that are supported by coercive political institutions. A progressive continental institution could not be built by sum of extractive national institutions that dominate continental political economy landscape.
