"The talk of "African growth tragedy" is being replaced by a talk of "Africa rising", with metaphors like "African lions" – in obvious homage to that of "Asian tigers" – flying around... The failure of most African countries to use the recent commodity-based growth to start a more sustainable growth based on the development of the manufacturing sector (including but not exclusively the processing of primary commodities) is making the continent’s long-term prospect worrisome – no country, except a few states exceptionally rich in oil (e.g., Qatar, Kuwait, Brunei) or very small financial havens (e.g., Monaco, Liechtenstein), has achieved high and sustainable standards of living without developing a significant manufacturing sector" - ECA's Transformative Industrial Policy for Africa Report