Industry - Manufacturing

An overview of the Manufacturing Sector in Africa

The manufacturing sector is of significant importance in Africa's economy. Up to 2006, the sector employed about 35% of Africa's total monthly wage earners, making it the largest employer in urban areas. It remains to be the most reliable source of government revenue in terms of import sales, corporate and income taxes. The manfacturinng sector accounts for over half of the region's annual revenue collection. Although exports from this sector have been in a declining trend, manufacturing still earns a fifth of Africa's total foreign exchange, making it the third most important sector after agriculture and tourism.

Moreover, it is the manfacturing sector that provides a reliable platform for innovation and harnessing modern technologies to increase production output. Production has persistently been in the upward trend. Employment levels have similarly been rising and have exemplified steady growth, with an average rate of around 12 percent over the last decade. For the last three years, employment in the industry has grown.

 

Click here to learn more about our Funding Process.