I'm having a hard time parsing this. Also, source?

> The cheapest labor in the world is found in Africa and yet Western industrial manufacturing has largely ignored the continent. The price of labor isn't the most important factor here.

... Yeah this seems fair. I think a lot of Africa has an infrastructure problem - it doesn't matter how cheaply you can manufacture if you can't move large volumes of raw materials/parts to the factory and finished goods from the factory. Plus many areas in Africa have security issues which make them less attractive places to do business. Geographically, a lot of the continent is cursed with hard to navigate rivers as well (the upper Nile being an exception), so only coastal shipping is really viable.