Statement Delivered by Albert M. Muchanga African Union Commissioner, Economic Development, Trade, Tourism, Industry and Minerals At the Joint Meeting of The African Union Ministers In Charge of Industry and Economic Diversification
We held several meetings here in Niamey between 2017 and 2019 to bring to life, the African Continental Free Trade Area. Your presence here is highly appreciated and is testimony of the priority that you attach to this task of renewing our commitment to industrialize Africa in a sustainable, dynamic and inclusive manner to support economic diversification, competitiveness and prosperity as an integrated market.
Let us, from the lessons of experience build capabilities that will make our industrialization process grow with a dynamism of its own. By doing so, we would demonstrate to the rest of the world that the reality on the ground is that Africa is a high-return and low-risk investment destination when their investments in Africa start generating high and safe returns.Believing is ourselves, among others, means that such action should be taken with unshakable resolve to transform into implementable programmes and projects, all the clusters of AIDA.
With this in in mind, the emerging consensus among Senior Official is that productive transformation in strategic sectors of agriculture, industry and services is a sustainable path to promote inclusive growth and sustainable development and, in the process, create quality jobs needed by Africa’s growing and youthful population.
Furthermore, there is need to build institutions and implement the right policies that create enabling business environment for the formalization of the private sector as well as enhancing industrial policy coherence necessary for effective implementation of industrial development programmes and projects through appropriate monitoring and evaluation of outcomes.
In this respect, the Senior Official highlighted the bad state of Africa’s electricity, water, road and information and communications technology . Fourth, the Senior Officials observed the need for appropriate financing mechanisms to support Africa’s industrialization.
AfricanUnionUN How can this happen when majority of African leaders are out of touch with reality?
Story! Story! All the time 😡😡😡
U guys have failed to implement Africa agenda 2063 aspirations number 6 by silencing the guns