Share:Africa is endowed with a vast wealth of natural resources, ranging from precious stones such as gold and diamonds to fossil fuels, and has 40 percent of the world's gold and up to 90 percent of its chromium and platinum. The largest reserves of cobalt, diamonds, platinum and uranium in the world are in Africa. It holds 65 percent of the world's arable land and 10 percent of the planet's internal renewable fresh water source.
For this to happen, African governments need to be entrepreneurial, being willing to experiment, build capacity and invest. So, what exactly should industrial policy in Africa now look like? There are two sets of prescriptions: policies at the country level and policies that require supranational coordination. At the country-level policies are needed to improve the business climate; support the act of exporting added-value goods and services; and support upgrading of firms.
The convening of the African Union Extraordinary Summit on Industrialization and Economic Diversification, will seek action-oriented solutions that will ensure that; Gaps that have hindered Africa from accumulating wealth during the continent’s commodity boom are sealed: African countries lost an opportunity to accumulate funds towards long-term development despite the discovery of oil and numerous other raw minerals. There demonstrates the urgency for the domestication of bold and results-based industrial development policies.
are bunch of Stomach Infrastructure Leaders and Western Puppets always speaking useless English for nothing. Shut up and go sit down.
I will join in the efforts. My community stakeholders must narrow it down to rural industrialisation
Only a single currency can create meaningful industrialization.
TPLF (tigray people liberation front) is cause of conflict. They are killer, criminal terrorist groups of east Africa.