BUILD RESILIENCE FOR THE LONG TERM
In the first part of this book, we highlighted the extraordinary growth potential of Africa’s manufacturing sector, which could double in value to nearly $1 trillion by 2025, driven largely by meeting the continent’s own demand. But, as noted, industrialists will need to overcome many barriers if they are to realize that potential—getting access to suitable land and sufficient capital, ensuring sufficient power supply, and complying with local regulations that can often be complex and unpredictable.
Aliko Dangote, arguably Africa’s most successful industrialist, is acutely aware of these barriers—and has built workarounds into his strategy, even as he has watched competitors trip up and go out of business. ...