The world has changed. African countries must rethink how they grow their economies
The article argues that African nations must rethink their economic growth strategies in light of global geopolitical shifts and supply chain fragmentation. It suggests prioritizing industrialization through reliable energy and modern services to overcome vulnerabilities to external shocks.
Why it matters
It provides a strategic framework for African economic development in an increasingly volatile global trade environment.
African countries need to invest in reliable electricity because it is the foundation of industrialisation and the digital economy. Zimochen/Pexels The world has changed. African countries must rethink how they grow their economies Published: August 9, 2026 12:30am EDT https://theconversation.com/the-world-has-changed-african-countries-must-rethink-how-they-grow-their-economies-289060 https://theconversation.com/the-world-has-changed-african-countries-must-rethink-how-they-grow-their-economies-289060 Link copied Share article Share article
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The prolonged disruption of shipping through the Strait of Hormuz has exposed how vulnerable Africa’s economies are to geopolitical shocks. Fuel prices have remained elevated, squeezing economies that depend heavily on petroleum imports from the Middle East . These include Ethiopia, Kenya, Mozambique, South Africa, Tanzania and Uganda.
This vulnerability also puts at risk the continent’s push to escape poverty through what economists call structural transformation : moving workers from low-productivity activities such as subsistence farming into more productive jobs in manufacturing and modern services.
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