Manufacturing is a hot topic in the global economic environment.
Home to over 1 billion people, Africa has the highest rate of urbanization in the world and overall economic growth second only to East Asia. Yet manufacturing of local products in Africa accounts for less than 2 percent of global output, Afkinsider reports.
Sub-Saharan African manufacturing has its challenges. Lack of productivity undercuts the relative value of low labor costs. Raising worker productivity and managing costs is necessary to escape the remnants of nationalized manufacturing. Skills training and innovation are consequently major factors in upticking productivity. Read the full report here