May 11, 2011

Is Samsumg kicking off the rise of Factory Africa?

"Samsung aims to develop the local industry further by establishing further knock-down plants - where currently there are such plants in Sudan, South Africa, Nigeria, Ethiopia and Senegal," the company said in a statement.
Could this be the beginning of "Factory Africa"? This is pretty much how it started in Asia where Japanese foriegn investment led to a development competition acorss countries and raised millions out of poverty (check this paper on the rise of Factory Asia).

Source: News 24. ht: afro-ip via bv.

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