Africa's Growth Resilience Exposes the Limits of US Tariffs: SA Economics Professor
Africa's Growth Resilience Exposes the Limits of US Tariffs: SA Economics Professor
Despite ongoing US tariffs, Africa is projected to maintain robust economic growth, with an expected 4% increase in 2026.
This resilience is attributed to the shifting sources of economic growth in Africa, particularly driven by Chinese investments and the diversification away from traditional colonial markets, according to Economics Professor Chris Malikane from Wits University.
The emergence of BRICS countries, including China and Russia, is helping build alternative value chains, reducing Africa’s dependence on exploitative global supply chains, he told Sputnik Africa.
“Africa needs to begin to industrialize,” he said, emphasizing that trade relationships should support industrialization and technological transfer for a more equitable economy.
Reflecting on the declining influence of the US in Africa, Malikane noted that many African countries are increasingly pursuing independent trade relationships with the East, moving away from the traditional dominance of Western powers.
For BRICS nations, the professor stressed the importance of a state-led model of development, citing China, India, and Russia as examples.
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