Africa's Development Dynamics 2022
Regional Value Chains for a Sustainable Recovery
Africa’s Development Dynamics uses lessons from Central, East, North, Southern and West Africa to develop policy recommendations and share good practices. Drawing on the most recent statistics, the analysis of development dynamics aims to assist African leaders in reaching the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.
The 2022 edition explores how developing regional value chains can help African countries rebound from the socio-economic shocks of the COVID-19 pandemic and accelerate productive transformation. It targets policy areas where private and public actors can support regional value chains when operationalising the African Continental Free Trade Area (AfCFTA). African firms can harness digital innovations to reduce production costs, and governments can design policies for skills development, public procurement and foreign investment to strengthen industrial linkages. Two continental chapters examine related African initiatives and global trends. Five chapters tailor policy recommendations to specific value chains in each region.
Africa’s Development Dynamics feeds into a policy debate between governments, citizens, entrepreneurs and researchers. It proposes a new collaboration between countries and regions, focusing on mutual learning and the preservation of common goods. This report results from a partnership between the African Union Commission and the OECD Development Centre.
Also available in: French, Portuguese
Why regional value chains matter for Africa’s recovery
This chapter makes the case for policy makers in Africa to develop regional value chains in order to accelerate the continent’s productive transformation and create quality jobs. First, it explains the need to reshape Africa’s participation in global value chains as a way to increase local production and catch up with the global economic recovery from the COVID-19 pandemic. Second, it documents the potential of the African Continental Free Trade Area to strengthen regional value chains. The analysis highlights the key challenges in developing regional value chains and their risks for sustainable development. Finally, the chapter identifies three trends accelerated by the COVID-19 crisis that affect public policies for regional value chains: the changing investment landscape, Africa’s digital transformation and the global drive for sustainability.
Also available in: French, Portuguese
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