"The stage is now set for a new phase of industrial development. In fact, much of the intra-African trade that has been recorded over the last decade has come from growth in manufacturing. A liberalized continental market will help spur further industrial growth. This, combined with infrastructure investments and technology acquisition, will enable African firms to tap into global value chains, and will position Africa as a viable destination for new industrial investors."

The creation in June 2015 of a free trade area from Cape Town to Cairo is possibly the most significant event in Africa since the formation of the Organization of African Unity in 1963. It is a grand move to merge existing regional organization into a single African Economic Community.

Africa's economic transformation through innovation is within reach. But this cannot be effectively pursued while continuing to be hobbled by the untenable view that industrial diversification needs to start with adding value to the continent's materials.

"Strong demand for raw materials, especially by China, and a growth in consumption by an expanding middle class has driven Africa's growth in the past decade. Seeking sustainability, policymakers are shifting their attention from raw materials to an economic outlook that is driven by technological innovation."

"Africa still values the importance of research, but no longer considers this linear view to be viable. Based on experiences in the rapid adoption of mobile phones, the continent is now looking into combining R&D with leveraging existing technologies and using them to create new enterprises. This approach provides Africa with a more hopeful future for tapping into an exponentially-growing global knowledge reservoir."

"Lacking natural resources, the country was forced from the outset to adopt a long-term view that involved investing in human capital and imparting a strong work ethic. These are critical sources of economic transformation that continue to elude African countries. Their inability to focus attention on entrepreneurship, innovation, and management is partly a result of the excessive policy attention to the role of natural resources."

Digital technologies could leapfrog Africa to a decentralised, autonomous mass production. The key ingredient to this revolution is 3D printing. Calestous Juma looks at its rapid development, provides a snapshot of its almost infinite uses, and suggests what must be done to support this possible industrial revolution.

"Mo Ibrahim has put a price tag on the quality of Africa's public leadership. The intensity of the debate shows that one prize is not enough. The time has come for Africans entrepreneurs to create more prizes to recognise, celebrate and inspire excellence in public leadership. That would be a more appropriate response to Mo Ibrahim's challenge."

"Knowing which technologies provide a broad base for industrial development is key. For example, information and communication technologies serve as essential platforms, but most African countries have failed to view them as generic foundations for industrial diversification. Instead, they focus on devices and gadgets, not the underlying knowledge."

"Nigeria is Africa's largest economy and 26th in the world. Its GDP stands at $510 billion with immense growth potential. A stable and peaceful Nigeria will contribute to Africa's rise and integration into the global economy. On the other hand, an unstable, stagnant and conflict-driven Nigeria will be a threat to regional and global stability."