Despite the continent has made significant strides in infrastructure development and energy and resource efficiency, the rate of speed at which it is industrializing is still insufficient, the new United Nations Industrial Development Organization (UNIDO) industrial development report (2024) shows. Presented on 26 March 2025 in Johannesburg, South Africa, during a joint event titled ‘The Future of Industrial Development in Africa’, the study shows that the rate of transformation of African economies is low, participation in global chains remains weak and employment conditions are deteriorating.