A Minister and Special Advisor to the Ethiopian Prime Minister, Dr. Arkebe Oqubay, believes encouraging more foreign direct investments into the country will impact on the local economy, as capacity of skilled locals will be enhanced.
A regional value chain approach, one stop border posts and harmonized trade guidelines were export policies key to spurring industrialisation, participants at the recently concluded second African Transformation Forum (ATF2018) […]
As the Chinese government continues to encourage investors to venture overseas, African nations are wooing entrepreneurs to set up manufacturing bases in their countries. The World Bank estimates that China […]
In the first Who Said What statement posted here, renowned economist and Nobel laureate, Professor Joseph E. Stiglitz, challenges the notion that Africa’s development can follow Asia’s growth model of manufacturing export-led growth.
First the bad news. After fifteen years in the global economic growth fast lane, sub-Saharan Africa is reeling from the effects of falling commodity prices, depressed Chinese demand, and deteriorating financial conditions. The IMF has revised growth forecasts down to...
From agrarian base to an industrial base to a service-led economy. This is the standard economic transition that the now advanced societies went through. However, a new trend is emerging in Africa today.