Building on greatness
Manufacturing is a significant opportunity for Africa to generate a large number of jobs and reduce political and social instability. Four strands of economic prosperity – infrastructure, institutions, human capital and technology – will drive manufacturing-led growth in Africa, ensuring the continent is more resilient to economic shocks and less dependent on natural resource exports. Africa’s manufacturing and engineering sector has a key advantage over foreign developed markets – it is not weighed down by infrastructure legacy issues.
Sector at a glance
- $140bn - The value of Sub-Saharan African manufacturing exports, which almost tripled between 2005 and 2015
- 13% - The Contribution by manufacturing to GDP in South Africa
- 1% - The increase in Africa’s engineering index score required to get a 0.85% increase in GDP per capita