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BRILLIANT TECHNOLOGIES AND BRAVE ENTREPRENEURS: A NEW NARRATIVE FOR AFRICAN MANUFACTURING
Type of Resource: Journal Article
Year of Publication: 2019
- Internet Based Entrepreneurship
Author(s): Wim Naudé
This paper argues that manufacturing is still important for structural transformation in Africa. Despite failing to industrialize in the past, there may be a new window of opportunity emerging. This is due to the convergence of what have been called “brilliant” new technologies of the Fourth Industrial Revolution (4IR) and a resurgence of start-up entrepreneurship. In this light, this paper (i) shows why manufacturing is vital for African economies; (ii) critically analyzes the nature and impact—both in terms of opportunities and risks—of the new technologies associated with 4IR for Africa; (iii) describes the resurgence of tech start-up entrepreneurship in Africa, and; (iv) calls for policy support in the form of complementary investments and regulations to allow entrepreneurs to maximize opportunities and to minimize threats. The paper shows that a new narrative for African manufacturing is possible.