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Argues the importance of foreign aid for industrial development programmes in Africa. Suggests desirable management and administrative objectives and outcomes of foreign aid for industrial development in terms of discussion of the strategic adaptation to foreign aid culture and “tame” industrial development base in Africa. Argues that African countries should make effective use of foreign aid received from the developed countries. But for this to take place, African countries should examine foreign aid in terms of commodities that can be bought and sold. Suggests that foreign aid should be “project‐tied” and its implementation closely monitored. Discusses the effects of foreign aid on industrial development in Africa.

The purpose of this paper is to critically assesses the major contributions to the academic literature on China’s increased focus on Africa, from 2001 to 2011. It discusses the key trends concerning China’s presence in Africa and draws conclusions on the significance of the studies by emphasizing and contrasting the prevailing positions.

Based on a qualitative approach using an integrative and comprehensive literature review, the authors performed a content analysis of high-impact, peer-reviewed papers.

The paper questions and repositions some of the existing controversies. The results from existing studies remain questionable, requiring further clarification and more theoretical backing. It, moreover, highlights the notion that behind the explicit neutrality views of China’s presence in Africa, implicit assumptions may exist. These are often the differences in narratives conveyed by Western and Southern stakeholders.

Most of the conclusions drawn from this paper need to be re-explored and supported by additional research. This could be done by widening the scope of the analysis. Studies need to provide more empirical support for their assertions through quantitative data and evidence-based qualitative analyses

all within a framework that considers more cultural, social and historical dimensions. The paper also suggests that an institutionally based view appears most relevant in better explaining China in Africa.

This paper reviews a decade of research on China in Africa and presents a snapshot of the current state of knowledge. It also raises concerns to be analyzed by future research and proposes new avenues for better understanding China’s presence in Africa.

China’s biggest contribution to Africa’s modernization is more likely to come from the rapidly expanding number of Chinese migrants determined to seek their fortunes by setting up manufacturing businesses across the continent, according to Irene Yuan Sun in her new book The Next Factory of the World: How Chinese Investment is Reshaping Africa. She is interviewed by S&L contributing editor Brian Leavy.

Irene Sun, a senior McKinsey consultant has spent years researching infrastructure modernization and manufacturing expansion in Africa for her new book.

China is the fastest-growing source of foreign investment in Africa, and this has enormous consequences for Africa and for the global economy.

Nowadays, a lot of the managers with the needed skills and resilience are Chinese people who worked their way up in factories in China in conditions that not so long ago were very similar to what’s in Africa today.

Sun’s big insight: “I’d like Westerners to understand that China’s activities in Africa don’t represent a threat, either to Africa or to the West.” For Western observers who are alarmed by China’s strategy of investing in African infrastructure to gain favorable access to its natural resources she offers a new context: China’s experience at industrialization under primitive conditions can transform Africa into the next Factory of the World.

The Economic Community of West African States (EOWAS) is a major attempt by 16 lesser developed countries (LDCs) to gain economic advantages through regional co‐operation and to improve their international leverage on several factors with multinational companies, foreign governments, an inter‐governmental organizations. This group of mostly young nations has survived uniquely difficult circumstances and is now relaunching its efforts at economic reform, trade liberalization, and political dialogue. Although there are problems, the regional economy it covers offers significant opportunities for international marketers.

This paper aims to explore the impacts and challenges of the Southern African Development Community’s industrialization agenda on the industrialization of two Sub-Saharan African states, Botswana and Tanzania.

The study adopts the documentary research method by carefully analyzing relevant policy documents, conference papers, reports, and journals.

While there is an impact on policy provisions targeted towards industrialization, there are challenges such as poor policy implementation that, if not addressed, could dampen efforts by policymakers in achieving the goal of industrializing the countries.

Governments should ensure equal synergy relations amongst institutions tasked with implementation. Increase investment in research and development (R&D) and human capital as drivers of innovation are needed for industrialization.

This paper adds to the discourse on industrialization. It also highlights challenges faced by countries whose policies have had minimal impact on industrialization.

This study empirically investigates the long-run and interactive effect of Chinese foreign direct investment (CFDI) on Africa's industrialization process.

The authors employed industry and manufacturing value-added (% GDP) as the dependent variables and applied the two-step GMM and panel-corrected standard errors' (PCSE) techniques involving a panel of 49 African countries from 2003 to 2020.

The industry value-added (% GDP) results show that the presence of CFDI propels industrial productivity by contributing to value-addition in the short and long run. Moreover, the study shows that the magnitude of the CFDI effect on industrialization is pronounced in the short-run when it is associated with labor and natural resources. This result reveals efficiency-seeking behavior of CFDI and the CFDI-Africa industrialization nexus is not primarily resource-driven. More importantly, the authors found human capital, electricity and political stability, as primary factors that magnify CFDI's effect on industrialization in the short and long run.

This study is the first to use macro-level data to empirically investigate and find the significant effect of CFDI on Africa's industrialization in the long run. More importantly, the authors investigated channels through which CFDI magnifies industrialization in Africa in the short and long run.

This paper aims to shed light on financial development in Ethiopia and its implications for overall economic development. It does so with particular focus on development understood as industrial development and with special attention drawn on inequality and debt levels as well as the real estate market in Ethiopia. Two research questions are focussed on in particular, where the first serves as prerequisite for the assessment of the second: What kind of financial development took place in Ethiopia in the past quarter of a century? Furthermore, are processes of financialisation visible in Ethiopia, and if so, to what effect?

The paper is based on publicly available macro-data and qualitative and quantitative data collected by the author herself during a three months’ research stay in Ethiopia.

It is found that despite higher levels of financial inclusion and deepening, industrialisation is on a relative decline. What is more, inequality and debt levels increase, and the recent growth spurts seem to be rooted in the construction sector with prices in the real estate market surging. In can be concluded that despite a flourishing financial sector, the Ethiopian economy is faced with the peril of crises associated with an inflated real estate market, inequality, debt burdens and impeded industrialisation.

African economies and, in particular, the development and effects of financial markets are still a blind spot in economic research. By combining quantitative and qualitative data on and gathered in Ethiopia, this paper therefore conducts greenfield research.