Industrialisation and Trade Corner
Harnessing productive sectors’ through value chains to enhance intra-African trade and regional integration
Integrating Africa is the AfDB Group’s blog on regional integration in Africa. It chronicles the issues arising from African countries’ efforts as they work to pool resources and integrate their economies for the development of their regional and individual economies. Read More
When it comes to Africa’s delivery on the UN Sustainable Development Goals, the policies of national governments and their partners will determine the continent’s overall success. Inclusive development policies will be pivotal to this.
The rise of the fast fashion industry in the past few years has brought in its wake a booming trade of second-hand clothing. Today, millions of people around the world donate clothes with the understanding that they will support the needy or will be resold in secondhand stores.
It might not be obvious to the casual observer, but Africa is undergoing something of a revolution when it comes to economic policymaking. Risking recrimination and worse from their traditional Western patrons, the continent’s governments are finally demonstrating a willingness to chart their own course.
“Industrialize Africa” is an integral element of the African Development Bank’s ambitious strategy to transform the continent. It involves economies transitioning from low- to high-productivity sectors; from agriculture to agro-industries; from raw mineral resources to high-value semi-processed and/or processed exports.
Despite a decade’s worth of headline-grabbing economic growth, Africa’s experience with industrialization remains disappointing. Sixty-two percent of the continent’s total export products (link is external) are in primary form, signaling the limited role of manufacturing in driving development. Sub-Saharan Africa’s average share of manufacturing value added to GDP, at around 10 percent, is unchanged from the 1970s.
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