The Potential of Manufacturing and Industrialization in Africa: Trends, Opportunities, and Strategies
By 2030, business-to-business spending in manufacturing in Africa is projected to reach $666.3 billion, $201.28 billion more than in 2015. This report discussed the evolution and prospects of manufacturing and industrialization in Africa. It ultimately offers business leaders an overview of Africa’s biggest opportunities in the manufacturing sector, discussing trends, drivers, perspectives and strategies for effective investment by 2030. It provides policymakers with some options likely to attract private investors, accelerate manufacturing and industrial development, and contribute to growth and poverty alleviation, facilitating the fulfillment of the Sustainable Development Goals and the African Union’s Agenda 2063. While policy solutions are likely to differ across countries, manufacturing and industrial development will be central to Africa’s ability to meet its development goals.