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Ethiopia Wins Big As Cement, Flower, Shoe Firms Set Up Shop

AFRICANGLOBE - Ernst & Young forecasts FDI into Ethiopia will average $1.5 billion each year for the next three years and predicts the country will be a leading manufacturing hub in Africa in the next decade.

Chinese Firm Makes Biggest Investment In South Africa’s Auto Industry In...

AFRICANGLOBE - A Chinese state-owned car manufacturer agreed to build an 11 billion-rand ($759 million) auto plant in South Africa, the biggest investment in a vehicle-production facility in the country in four decades.

Value Addition Key In Africa’s Growth Story

AFRICANGLOBE - Africa must invest in technology transfer models to strengthen value addition of its products to move away from selling raw materials, experts have said at the ongoing AU summit in Kigali. Despite talk of Africa’s critical need to strengthen its industrialization to create jobs and move millions out of poverty, the bloc has continued to export raw materials something that has left many African economies behind, although many are endowed with natural resources.

Soon, ‘Made In China’ Could Become ‘Made In Africa’

AFRICANGLOBE - There's a pretty good chance that some of the clothes you're wearing, the shoes on your feet and even the device you're using to read this were made in China. Even as its economy slows, China remains the world's factory, churning out billions of dollars every year of goods. The government, though, wants to change this, which could be a huge opportunity for countries like Ethiopia -- and the continent of Africa as a whole.

Ethiopia Rides Manufacturing Boom

AFRICANGLOBE - The government of the Federal Democratic Republic of Ethiopia has ushered in a manufacturing boom that is set to make the country a major regional player across several lines of products. The widespread eagerness to invest is made that much more due to a large domestic market and an increasing number of skilled workers.

Made In Africa: Is Manufacturing Taking Off On The Continent?

AFRICANGLOBE - Several African countries have enjoyed economic growth in recent years - but there are fears that a failure to develop manufacturing could prove to be costly.

Africa Could Become The World’s Next Mobile Manufacturing Hub

AFRICANGLOBE - New IT tools combined with rising prices elsewhere in the world could help Africa become the next de facto destination for low-cost manufacturing. The prediction comes from a report by analysts IDC called Is Africa Poised to Become the Low-Cost Manufacturing Hub of the World?, which is largely upbeat in answering its titular question.

Does H&M’s Investment In Ethiopia Signal The African Manufacturing Boom?

AFRICANGLOBE - With the likes of Tesco, Walmart and H&M already in Ethiopia, and others bound to follow their example and bring their business to Africa, the continent is bracing itself for the manufacturing boom, which has eluded it for so long, and for the development gains that should follow.

Ethiopia Welcoming More Chinese Manufacturers

AFRICANGLOBE - As China's labor, manufacturing and resources costs continue to rise, Ethiopia, one of the fastest developing countries in the world is hoping Chinese companies will consider opening more factories there. "China is one of our country's main donors in building infrastructure, a big constructor and a major technology provider," said Seyoum Mesfin, Ethiopian ambassador to China.

Africa Following Development Path Similar to That Of China?

At the turn of the millennium, The Economist controversially described Africa on its front cover as The Hopeless Continent, but came up with the more optimistic cover line The Hopeful Continent last year. Whatever development path African countries are taking, few would deny the rapid progress that has taken place over the past two decades.

Nigerian Manufacturers Urge Govt to Reject Economic Agreement With EU

The Manufacturers Association of Nigeria (MAN Tuesday warned the Federal Government not to follow the road map leading to the signing of the Economic...

How Africa Can Leverage China

Low income economies within Africa may be set to benefit from China's increased international outsourcing of labour-intensive manufacturing. The recent FOCAC (Forum on China Africa...

China Strengthens Grip On Africa

The upcoming political transition in China will not result in a change in Beijing's Africa policy, according to Dr Martyn Davies of Frontier Advisory,...

China ‘Picking Up the Pieces’ in Africa Says Ethiopian Prime Minister

Ethiopian Prime Minister Meles Zenawi insists China is now coming to the rescue of Africa after a failed Western ideology of the past three...

No Stopping Africa’s Growth – Zuma

Major shifts in governance, trade, infrastructure and demographics will turn Africa's emergence over the past decade into a sustained economic lift-off, South African President...

R100bn Boost For South African manufacturing

The latest version of the state's Industrial Policy Action Plan will see the Industrial Development Corporation (IDC) investing R102-billion in targeted South African manufacturing...