Could investment in machine tools reduce Africa’s reliance on...

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2025-10-10 05:36:56 - Translate -

Could investment in machine tools reduce Africa’s reliance on imported finished goods and save foreign exchange?

Africa has often been described as a continent rich in resources but poor in manufactured wealth. Despite possessing abundant minerals, energy, and agricultural resources, African economies remain heavily dependent on imports of finished goods—from cars and industrial machinery to household appliances and medical equipment. This dependence drains foreign exchange reserves,...

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