Browsing: Africa Industrialization

On November 20, Africa will mark the Africa Industrialization day.

Since 2018, the Africa Industrialization Day has been successfully commemorated with weeklong events. The Africa Union Commission last year hosted the 2020 Africa Industrialization Week celebrations (#AIW2020) on 16-20 November 2020, under the theme “Inclusive and sustainable industrialisation in the AfCFTA and COVID-19 era”.

Economic growth

Industrial development is of critical importance for sustained and inclusive economic growth in African countries. Industry can enhance productivity, increase the capabilities of the workforce, and generate employment, by introducing new equipment and new techniques.

Industrialization, with strong linkages to domestic economies, will help African countries achieve high growth rates, diversify their economies and reduce their exposure to external shocks.

This will substantially contribute to poverty eradication through employment and wealth creation.

China success

Over the last few years , African leaders have been pursuing policies designed to mimic the path China took to …