Read any business magazine or watch any business documentary on the African continent, and chances are you will hear about manufacturing being at the heart of the desired Africa Renaissance. And it’s true that if the continent could see greater local value add, with products being created at home both for local and export markets, the economy could grow to the levels it needs to. A vibrant manufacturing sector in Africa would help countries to weather the inevitable economic storms. And, there are signs that it is moving in the right direction. Between 2005 and 2014, manufacturing production within Africa more than doubled from $73 billion to $157 billion, growing 3.5% annually in real terms. But challenges remain, and African manufacturing costs are high. A lack of reliable and efficient transport and energy infrastructure leads to even higher costs, exacerbated by regulatory and policy challenges. There is no doubt that there are still many barriers to overcome, but an African manufacturing Renaissance is within reach and it needs to be led by more women entrepreneurs who have the vision and the skills to make real change happen.
Have yourself an inspired entrepreneurial day! - Melanie