African Commodity Strategy: Value addition for global competitiveness
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Workers sorts raw diamonds as they are displayed on long tables at the Diamond Trading Company (DTC), the world’s largest and most advanced diamond-sorting and valuing facility in Gaborone, Botswana. PHOTO | AU
What you need to know:
Africa’s great commodity wealth has created challenges as well as opportunities.
The African Union’s Commodity Strategy will ensure a more collaborative process of developing and managing the continent’s natural resources.
For Africa to take full advantage of and participate effectively in global value chains, it will need to effectively address its regional value chains and address other barriers that have led to low levels of intra-regional trade, such as its inefficient trade-related infrastructure and logistics, among others.
