Saturday, August 23, 2008
By Bright B. Simons
Most of Africa is in a deepening state of de-industrialisation. Even mighty South Africa, once a contender in the same leagues as Brazil and Israel, with its nuclear bomb-making antics and machine fabrication edge, is today in a subtle retreat from manufacturing into the comforting arms of financial services and tourism (upswings this year are from a historical low base). What is to account for the rapid shrinking of industrial capacity in sub-Saharan Africa?….