Africa’s manufacturing sector can lead trek to global economy

Workers at a modern textile factory set in the special economic zone in Addis Ababa, Ethiopia. PHOTO | AFP

Africa is at a crossroads. Six of the world’s ten fastest-growing economies are now located in the region, and the continent’s GDP is expected to grow at a rate of 4.1 per cent this year, up from 3.6 per cent in 2017.

Yet its economic growth has not been accompanied by a commensurate level of job creation, which has particularly negative implications for women and young people. In fact, today’s jobless growth could even reverse the gains made in eradicating poverty.