AfCFTA Can Support the Development of Local OEMs and Unlock Growth on the Continent

In most African countries, local manufacturers tend to look towards imported equipment when choosing an Original Equipment Manufacturer (OEM). They often select imports from the Far East due to the lower costs associated with these products. This is mainly because many African countries lack the capabilities and manufacturing capacity to locally produce equipment across various industry segments. It often makes the procurement of equipment in-country difficult and expensive.