Is time running out for Africa to industrialize?

Africa

Despite efforts made by countries over the years to industrialize, Africa’s share of global manufacturing remains negligible.

Manufacturing has been touted as the key to unlocking productive jobs, bigger export revenues, and sustainable development.

In 2019, Africa’s industrial GDP expanded by 17% to $731 billion, with the value-added of manufacturing surging by 39%, according to the African Development Bank.

The continent’s industrialization is geographically limited though, with around two-thirds of value-added manufacturing taking place in just five nations; South Africa, Egypt, Morocco, Algeria, and Nigeria.


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