Services Areas / MANUFACTURING
There are already several positive signs, which show that African manufacturing production, exports and Foreign Direct Investment (FDI) have developed positively over the last decade. Between 2005 and 2014, manufacturing production within Africa more than doubled from $73 billion to $157 billion, growing 3.5% annually in real terms. Some countries, such as Uganda, Tanzania and Zambia, have achieved more than 5% annual growth in the recent past.
However, despite the overall increase in manufacturing, its share of GDP has remained subdued, hovering consistently around 10% in the past decade. Investment in infrastructure, from public, private, domestic and foreign sources, remains too low. There has been a significant effort to bridge the infrastructure gap, but annual investment needs in these sectors amount to approximately $90 billion per year for a decade. This can be a great investment opportunity for any organisation, who wish to penetrate into this sector, and here at Oakmark we can help to facilitate your entry.
For more information or consultation, please do get in touch.