EPZs gain traction in Africa

Export processing zones
(EPZs) or special economic
zones are becoming
increasingly popular in Africa
with several countries opting
to establish these parks.
According to Hannah
Edinger, head of research
and strategy at Frontier
Advisory, these zones have
been extremely successful
in Asia and the Chinese in
particular are driving their
establishment in Africa.
“The strategy is to attract
export manufacturing
investment to boost
economies. By increasing and
improving manufacturing
countries can add value to
goods and ultimately boost
their exports. It is all about
beneficiation,” she said.
She said in Egypt the
Suez Economic and trade
Cooperation Park was
already operational while
the Eastern Industry Zone
in Dukem near Addis Ababa
in Ethiopia was partially
operational.