“THE PROMISE OF ‘MADE IN AFRICA’ WILL BE KEPT ONLY BY INVESTING IN LOCAL ENTREPRENEURSHIP”

October 27, 2017

Credits: Joe Penny / Reuters

The 'Made in Africa' is making its great comeback among the priorities of decision-makers in Africa as well as in the African Union's (AU) Agenda 2063 that aims to transform the continent's economies to create shared growth, decent jobs and economic opportunities for all. For this reason, it will take more than ambitious dreams of industrialization for this goal to take place.

While industrial policies and strategies will play a critical role, they need to be re-thought. First, because post-independence industrialization efforts have had limited success, but also because technologies have undergone a revolution, which is not just digital. The world economy has changed dramatically, and so has Africa.