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
“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.
Africa sits on vast resources. Of greater potential than its extractive resources such as oil, diamonds, gold, or cobalt, is its population bulge.
With the lowest power consumption per capita in the world, sub-Sahara Africa is arguably the darkest section of the global village with investments, social and economic growth and jobs creation hobbled by frequent outages, load shedding and total black outs. Over 645 million Africans lack access to electricity.
Africa is energy rich. Its solar, wind, hydro, and geothermal power resources offer a remarkable opportunity to build low-carbon energy systems for all. Yet more than 640 million people, or two-thirds of the continent’s population, live without electricity.
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