Africa’s Industrialization under the Continental Free Trade Area: Local Strategies for Global Competitiveness
With the
African Continental Free Trade Area (AfCFTA) coming into force, policymakers and the business community need to prioritise, develop, and implement smart local strategies for opportunities in manufacturing and industrialization across sectors to increase Africa’s competitiveness. Landry Signé suggests in this article for the
Brookings Institution that the continent’s annual manufacturing output could double to $1 trillion by 2025 and create over 14 million jobs. One pathway to success will be better national ownership and alignment with Agenda 2063, the African Union’s strategic framework for socio-economic transformation in which manufacturing and industry - fundamental for overall economic growth and poverty alleviation - feature prominently.
https://www.brookings.edu/blog/africa-in-focus/2019/06/04/africas-industrialization-under-the-continental-free-trade-area-local-strategies-for-global-competitiveness/
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