Africa’s total exports continue to be dominated by primary commodities—with an average of 38 per cent of total African exports dominated by fuels and 15 per cent by ores and metals over 2019–23— as manufactured goods accounted for only 24 per cent.
Africa needs to enhance the
structural transformation of its economies, which must
emphasise diversification away from primary products
towards increased manufacturing, technology, and
modern service sectors.
