Morocco now Africa’s leading industrial economy: AfDB

The African Development Bank says Morocco has overtaken South Africa as Africa’s leading industrial economy.
The AfDB announced this while inaugurating the 2025 Africa Industrialisation Index in Brazzaville. This was on the sidelines of its annual meetings alongside the inauguration of the Africa Industrial Investment Barometer report.
According to the report, Morocco achieved the feat through sustained industrial upgrading, export diversification and strong industrial policies.
The report, however, stated that South Africa remained a major industrial powerhouse despite declining competitiveness.
It said North and Southern Africa continued to dominate industrial output and export sophistication across the continent. The report added that East, West and Central Africa still lagged in industrial development and regional production linkages.
It stated that intra-African trade remained low at 14.4 per cent of total trade, reflecting fragmented industrial ecosystems.
The report assessed industrial development across 54 African countries between 2010 and 2024.
It found that 41 countries improved their industrialisation scores, while overall continental performance rose by six per cent.
The AfDB’s director for industrial and trade development, Ousmane Fall, said the report served as both a diagnosis and a roadmap.
According to Mr Fall, industrialisation at scale requires resilient infrastructure, value addition and finance mobilised on African terms.
He said the report also called for stronger regional integration anchored by the African Continental Free Trade Area.
Mr Fall restated the need for reliable energy, industrial infrastructure, technical skills and harmonised standards to support Africa’s industrial transformation.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Uncategorized
Methodist Church recommends death penalty for Nigerian criminals
Mr Koko-Bassey asked the National Assembly to enact laws prescribing the death penalty for kidnappers and perpetrators of other heinous crimes to serve as a deterrent to others.

Politics
Umahi begs Igbo to support Tinubu’s re-election, hails president’s South-East projects
“I do not want these projects to stop. I want them to be completed. Therefore, I urge all Nigerians to support the president,” he added.

Politics
APC slams opposition parties, hails prompt submission of candidates’ list to INEC
The All Progressives Congress says it met the Independent National Electoral Commission’s deadline for submitting candidates for the 2027 presidential and parliamentary elections.

Economy
Nigeria meets 104% of OPEC quota as production surges
Nigeria’s crude oil and condensate production surged to an average of 1,735,398 barrels per day in June, representing positive growth for a fourth consecutive month.

Economy
FG makes arrests in crackdown on Osun illegal miners at Ileki-Ijesa
The federal government says intensified efforts to curb illegal mining nationwide have led to the arrest of two suspected illegal miners at a mining site in Osun.

NationWide
Speaker Abbas hails Shettima’s re-nomination as Tinubu’s running mate in 2027
Mr Tajudeen said the vice president had remained dependable since assuming office.





