The Futures Report 2021: Which Value Chains for a Made in Africa Revolution
Nov 20, 2021
As the world is developing strategies to recover from the COVID-19 pandemic, UNDP and the African Continental Free Trade Area (AfCFTA) Secretariat, an organ of the African Union, publish the 2021 Futures Report: "Which Value Chains for a Made in Africa Revolution".
The Report generates a first in time analysis of what is shaping up to be concrete opportunities in the AfCFTA. Applying a methodological assessment of the tariff and services offers that have been exchanged amongst AfCFTA State Parties, it identifies 10 Value Chains that constitute some of the areas in which investment decisions could be made - given the emerging contours of the One African Market. Value Chains identified include Automotives; Leather and Leather Products, Cocoa; Soya; Textiles and Apparel; Pharmaceuticals; Vaccine Manufacturing; Lithium - Ion Batteries; Mobile Financial Services; and Cultural and Creative Industries.
With this product, government officials can target which sectors consist of opportunities for their nation's entry into the AfCFTA market, creating targeted trade capacity-building programmes that can strengthen exporter readiness. Businesses are also in a better place to make sound decisions of where to invest to seize AfCFTA opportunities. And those areas where further improvements need to be made are also pointed out - to create stronger chances for a Made in Africa Revolution.