Africa is positioning itself as a rising manufacturing hub, with governments increasingly recognising the potential of attracting global production and investment.As other regions experience rising costs and shifts in global supply chains, African nations are stepping up efforts to develop their industrial capacity. This shift was supported by investments in infrastructure, access to critical minerals, and a young, rapidly expanding workforce, said Duncan Bonnett, a partner with Africa House.“Several countries are positioning themselves to attract manufacturing investment while at the same time working hard to ensure they offer competitive costs to the rest of the world,” he said.He noted that this shift was particularly evident in the agriculture sector, where countries were increasingly recognising the benefits of moving up the value chain. From tea and cocoa to macadamia nuts, more nations are focusing on producing ready-to-consume goods rather than simply exporting raw materials. “This trend is set to accelerate significantly in the coming years particularly with initiatives like the African Continental Free Trade Area (AfCFTA) promoting intra-regional trade. The continent has the ability to capitalise on its resources and strategic location, establishing itself as a competitive player in global manufacturing.” LV
