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Innovation and Investments: Strategies for Transforming Africa's Manufacturing Fortunes – Elijah Oyeyinka

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Africa stands at a pivotal moment in its industrial journey. With vast natural resources and a growing young workforce, the continent has the potential to become a manufacturing powerhouse. However, several challenges impede this progress. By optimizing manufacturing processes, Africa can significantly boost business prospects, create employment opportunities, and stimulate overall economic growth. This article explores the intricacies of automation, capital deepening, and the essential role of government. It also analyzes the advantages of transitioning from labor-intensive processes and reflects on the developmental trajectories of developed economies, engaging in the convergence versus divergence debate.

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