{"id":597733,"date":"2019-05-02T04:11:11","date_gmt":"2019-05-02T04:11:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/"},"modified":"2019-05-02T04:11:11","modified_gmt":"2019-05-02T04:11:11","slug":"made-in-africa-could-be-the-new-made-in-china-in-50-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/","title":{"rendered":"\u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years"},"content":{"rendered":"

\u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years if enough focus is given to investing in manufacturing across the continent<\/b>, our friend Carbon Holdings CEO Basil El-Baz writes for the Financial Times\u2019 Beyond Brics blog<\/a>. Many economies in Africa have already been flourishing over the past several years, propped up by a \u201cblossoming\u201d services sector, but Africa could become an economic powerhouse once manufacturing becomes the core source of growth. \u201cSustainable transformation requires a radical new approach. It is not a services economy that will lift half a bn people out of poverty or create 100m jobs, but an industrial one. Export-led manufacturing will be the key to Africa\u2019s success, just as it transformed the fortunes of Asian countries, particularly China, in past decades.\u201d<\/p>\n

Cross-border expansion is already happening, thanks to freetrade agreement:<\/b> El Baz also argues that the African Continental Freetrade Zone, which was launched last year, will also spur investments in cross-border infrastructure and help lay the groundwork for further expansions in the customer bases of African-owned companies. With that infrastructure in place, Africa will be well-placed to edge out China as the world\u2019s leading manufacturer and exporter of goods, particularly since Africa is already at a geographical advantage.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years if enough focus is given to investing in manufacturing across the continent, our friend Carbon Holdings CEO Basil El-Baz writes for the Financial Times\u2019 Beyond Brics blog. Many economies in Africa have already been flourishing over the past several years, propped up […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[7098,116,72,131,1510],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597733","post","type-post","status-publish","format-standard","hentry","category-the-macro-picture","tag-africa","tag-china","tag-enterpriseam","tag-manufacturing","tag-the-macro-picture","wpautop","entry"],"acf":{"mongo_id":"682eb9f3-d475-4142-8356-4b57a5969297","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[597707],"teaser":"","voice_url":""},"yoast_head":"\n\u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years\" \/>\n<meta property=\"og:description\" content=\"\u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years if enough focus is given to investing in manufacturing across the continent, our friend Carbon Holdings CEO Basil El-Baz writes for the Financial Times\u2019 Beyond Brics blog. 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