Reclaiming Economic Sovereignty in Africa: A Natural Resource-based Industrialisation Perspective

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Horman Chitonge

Reclaiming Economic Sovereignty in Africa

A Natural Resource-based Industrialisation Perspective

Horman Chitonge

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Hardback

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English

Anthem Press
08 April 2025

Development economics; Primary industries; Manufacturing industries

Series: Anthem Africology Series

This book has examined the way African countries utilise their natural wealth. It has illustrated that weak economic sovereignty accounts for the irony that the most endowed continent on the planet has ended being the most impoverished. It is argued in this book that weak economic sovereignty in Africa has several implications, including the situation where the continent is unable to make the most out of its abundant natural wealth. Weak economic sovereignty on the continent is manifested in the low levels of financial and monetary sovereignty among African countries, but most importantly in low productive capabilities. The conditions of low productive capabilities prevailing on the African continent have created a situation where most African countries are locked into economically debilitating dependencies, including dependence on commodity export, such that they only get a tiny proportion of the value generated from natural resources extracted from their territories. The book has also argued that the persisting weak economic sovereignty on the continent is a clear indication that while African countries attained political sovereignty six decades ago, attaining economic sovereignty has remained an incomplete liberation project that requires a new strategy to accomplish.

By: Horman Chitonge
Imprint: Anthem Press
Country of Publication: United Kingdom
Volume: 1
Dimensions: Height: 229mm, Width: 153mm, Spine: 18mm
Weight: 502g
ISBN: 9781839993336
ISBN 10: 1839993332
Series: Anthem Africology Series
Pages: 246
Publication Date: 08 April 2025
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Horman Chitonge is professor of African Studies at the Centre for African Studies, University of Cape Town (UCT). His work focuses on alternative strategies for economic transformation and development in Africa.

Reviews for Reclaiming Economic Sovereignty in Africa: A Natural Resource-based Industrialisation Perspective

“The primary focus of the manuscript revolves around the pivotal concept of economic sovereignty, emphasizing the need for increased agency in controlling resources and advocating for value chain upgrading within countries pursuing resource-based development. By illustrating various examples, the text convincingly argues that a well-planned and implemented resource-based development strategy can be a liberating project, fostering economic diversification and capturing value through in-country processing.” —Maha Ben Gadha, Senior Researcher and Regional Economic Program Manager at the Rosa Luxemburg Foundation, North Africa Office. “Despite Africa being rich in natural resources, often the benefits do not inure to the general populace due to governance and value addition challenges. Thus, Africa has de jure sovereignty, but not resource authority. Chitonge redirects us to unpacking and reclaiming economic sovereignty through natural resource-based industrialisation.” —Pius Siakwah, University of Ghana, Legon, Accra, Ghana.