In a politically appealing policy plea, Zimbabwe’s President Robert Mugabe recently called on Southern African countries to enhance efforts to add value to their raw material for exports.
He said that while the region “is potentially one of the richest regions in the world, most of its agricultural and natural resources are exported unprocessed, which earns the region 10 percent of their actual value. Through beneficiation we will be able to increase our returns ten-fold”.
African leaders are right to stress industrial development. But they are misguided in thinking that adding value to natural resources, or beneficiation as it is called, should be the entry point for industrial development. [Read more]
– http://wp.me/p4sUqu-Pz – Michael’s Blog