Africa chance to dominate global tech supply chain is here, UNCTAD says

The recent disruptions in the global supply chains has presented a unique opportunity for African countries to dominate the supply of finished high technology commodities, strengthening their economic resilience in the face of shocks.

This is according to the United Nations Conference on Trade and Development (UNCTAD), which says leaders must take action to ensure this opportunity does not slip Africa, which has for long been isolated from the global supply of finished goods.

According to the report, Africa’s integration into the global supply chains has for long been low compared with other regions, slowing the continent’s economic progress as other countries dominate international supply of high-tech goods and services, made from African minerals.

But, with the recent trade turbulences, uncertainties, natural disasters and geopolitical tensions that have put supply chains under immense pressure, businesses across the globe have been seeking to diversify their source markets to stabilise their supply, presenting a unique opportunity for Africa, the report says.

Source: The East African News