African Economic Outlook 2017

Entrepreneurship and Industrialisation

image of African Economic Outlook 2017

The African Economic Outlook 2017 presents the continent’s current state of affairs and forecasts its situation for the coming two years. This annual report examines Africa’s performance in crucial areas: macroeconomics, external financial flows and tax revenues, trade policies and regional integration, human development, and governance. For its 16th edition, the report  takes a hard look at the role of entrepreneurs in Africa’s industrialisation process. It proposes practical steps that African governments can take to carry out effective industrialisation strategies. Policies aimed at improving skills, business clusters and financing could remove important constraints on African private enterprises.

A section of country notes summarises recent economic growth, forecasts gross domestic product for 2017 and 2018, and highlights the main policy issues facing each of the 54 African countries. A statistical annex (available only on line) compares country-specific economic, social and political variables.

English Also available in: Portuguese, French

Improving entrepreneurship for industrialisation in Africa

OECD Development Centre

This chapter situates Africa with regard to industrialisation. First, it demonstrates the presence of Africa’s industrialisation on policy agendas and discusses the main reasons why Africa has yet to industrialise. Second, the chapter examines the role of manufacturing and the potential of other economic sectors in the Fourth Industrial Revolution. Finally, it looks at the continent’s entrepreneurial landscape and identifies the types of entrepreneurs that can foster industrialisation. It examines specifically the prevalence of early-stage, rural, female and opportunity-driven entrepreneurs in Africa.

English Also available in: Portuguese, French


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