As a latecomer to industrialisation, the continent faces some unprecedented challenges as well as opportunities. Economists have long hailed industrialisation as a catalyst for economic development and poverty reduction. Unfortunately, in Africa, this transformational process has remained elusive. To meet the challenges of today and seize the opportunities, Africa will need to forge its own path and not rely on old models of industrialisation. Africa’s industrialisation journey must be guided by its unique characteristics and current realities. It must chart its own course, one that is tailored to its available resources, labour dynamics, and existing economic structures. To do so, … Continue reading Africa’s unique path to sustainable industrialisation