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"Amboseli national park, Kenya."
African economies can become major participants in global supply chains by harnessing their vast resources of materials needed by high-technology sectors and their own growing consumer markets, the United Nations Conference on Trade and Development (UNCTAD) said in its economic development in africa report 2023 launched today in Nairobi. Supply chains encompass the systems and resources needed to develop, produce and transport goods and services from suppliers to customers.
Africa's potential to become a major player in global supply chains is an exciting prospect. However, it is important to ensure that the continent is able to capitalize on its resources and consumer markets in a way that is sustainable and equitable. This means that African countries must prioritize the development of strong economic and regulatory frameworks that will enable them to take advantage of the opportunities that come with increased participation in global supply chains.
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