<\/p>\n
Morocco overtook South Africa as the continent\u2019s most industrialised economy last year as it upgrades its offering, diversifies exports and implements growth policies, a report showed.<\/p>\n
\u201cWhile South Africa remains a continental industrial powerhouse, it continues to experience a steady decline in industrial competitiveness,\u201d the African Development Bank said in its Africa Industrialisation Index for 2025.<\/p>\n<\/p>\n
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Years of power shortages, state corruption, political uncertainty and surging living costs have deterred investment and curbed economic growth, with gross domestic product expanding by an average of less than 1% annually over the past decade.<\/p>\n
President Cyril Ramaphosa has previously estimated that South Africa needs as much as R1.6 trillion ($99 billion) in public-sector infrastructure investment and a further R3.2 trillion from the private sector for it to achieve its infrastructure goals by 2030.<\/p>\n
Gross fixed-capital formation contracted in three of four quarters last year, rising only in the final four months of 2025 in a sign that businesses are beginning to invest in machinery and buildings, which may help lift the economy\u2019s productive capacity.<\/p>\n
Industrial capacity remains heavily concentrated in northern and southern Africa, which account for most of the manufacturing output, export sophistication, and industrial competitiveness, the AfDB said.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Morocco #pips #South #Africa #continents #top #industrial #economy<\/p>\n","protected":false},"excerpt":{"rendered":"
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