Industrialisation and Trade

small islands

The paradox of Africa’s small island developing nations

I was born in Canchungo, in the northwestern part of Guinea-Bissau. Images of a beautiful canvas of green landscape crisscrossed by abundant waterways, thick forest, vast expanses of mangroves, pristine islands and coastlines, teeming with rich marine life, remain etched in my memory. Today, erratic weather conditions, declining rainfall, rising sea levels and other phenomena

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Cameroon must roar: at a 7% minimum!

Cameroon has the resources for its industrialization and agricultural transformation. The economy’s current annual growth of 4.9% does not reflect the full potential that lies in the transformation of the riches of the country. The economy is relatively diversified with the exploitation of vast agricultural resources, forestry, mining and energy. Exports have been dominated by

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Manufacturing pharmaceuticals: An untapped opportunity

Ever since the high tech generic drug production facility, Cinpharm-Cameroon, was set up, it is relatively easier for Cameroonians to have access to medicines. Now a low wage earner can access a course of antibiotics at a lower price than a Kenyan counterpart. According to the World Health Organization a 7-day course of treatment with

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manufacturing

Busting the myths about industrialization in Africa

Africa’s need to aggressively pursue the industrialization path has become more compelling in light of the need to sustain current growth standards. With carefully developed backward and forward linkages, industrialization has the potential to diversify economies and reduce exposure to external shocks. We at ECA are working the case for industrialization and we do not

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new technologies

A Renewed Global Partnership for a Post-2015 Era

Between 2000 and 2009, eleven African countries grew at an annual rate of 7 percent or more, which is considered sufficient to double their economies in ten years. Africa’s collective GDP at over US$2 trillion today is roughly equal to Brazil’s or Russia’s, and larger than India’s. On the economic front, Africa is now seen

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Africa’s natural resources can drive industrial revolution

By Carlos Lopes and Tony Elumelu The economic performance of Africa in the last few years has been remarkable. The continent has consistently defied the global trend. Five years after the global financial system came perilously close to collapse, the global economic outlook is still uncertain. In Europe, GDP is still below pre-crisis levels and

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