Source: The Economist:
The continent has entered its 2nd decade of sustained growth. Most countries have been growing at more than 5% every single year since 2003, and projections show that this momentum will continue.
While the new services industries are important, they alone will not enable African countries to get their per capita incomes up to high-income country status (US$12,480 or more in 2011). History clearly shows that only manufacturing will enable them to achieve this.
Categories: Africa