What’s Behind Europe’s New Openness To African Industrialization?
By Semafor Africa Photos: Wikimedia Commons Africa’s long-standing argument that no region can prosper while exporting raw materials and importing finished goods is finally being echoed in Europe itself, a former Liberian minister argued in a Semafor column. Europe’s new openness to African industrialization — as heard from French President Emmanuel Macron on his recent visit to Kenya — is less about morality than self-interest as Europeans grow anxious about dependence on Chinese manufacturing, writes W. Gyude Moore. The question now is whether African governments can use this moment to secure real structural gains. The opportunity will not be secured through rhetoric alone. As Moore puts it, “partnership will mean little without the difficult foundations of industrialization” — lower-cost capital, energy infrastructure, technology transfer and support for African industrial policy that can turn strategic interest into lasting economic transformation. Read on for more on how Africa can leverage its relationship with both Europe and China. →
Black News 
By Semafor Africa
Photos: Wikimedia Commons
Africa’s long-standing argument that no region can prosper while exporting raw materials and importing finished goods is finally being echoed in Europe itself, a former Liberian minister argued in a Semafor column.
Europe’s new openness to African industrialization — as heard from French President Emmanuel Macron on his recent visit to Kenya — is less about morality than self-interest as Europeans grow anxious about dependence on Chinese manufacturing, writes W. Gyude Moore. The question now is whether African governments can use this moment to secure real structural gains.
The opportunity will not be secured through rhetoric alone. As Moore puts it, “partnership will mean little without the difficult foundations of industrialization” — lower-cost capital, energy infrastructure, technology transfer and support for African industrial policy that can turn strategic interest into lasting economic transformation.
Read on for more on how Africa can leverage its relationship with both Europe and China. →
