‘Joining hands’ for a peaceful, prosperous continent, calling on the head of the United Nations on African Industrialization Day |
In his message celebrates day, Secretary General António Guterres warns that countries across Africa are facing “a perfect storm”.
He cited armed conflicts; increasing food and energy insecurity; inflation and debt “spill”; fiscal space is shrinking; and increasing climate catastrophe.
Despite these challenges, however, the top UN official reminded that Africa includes some of the world’s fastest-growing economies with the potential to lead the way in the global energy transition. .
Potential exploitation
He explained that to promote inclusive, resilient and sustainable industrial development in Africa, multilateral cooperation is needed – along with strengthened public-private partnerships.
“A new financial structure with greater access to finance and a lower cost of capital is the key to unlocking large-scale investments,” the secretary-general stressed.
He stressed the need for “collective work” to foster entrepreneurship, harness the potential of new technologies, expand opportunities for youth, women and girls, build resilience, and build resilience. climate resilience, promoting competitiveness and trade.
Furthermore, he continued, “we must also work together to realize the goals of the African Continental Free Trade Area, the African Union Agenda 2063, and the Agenda 2063. 2030 Agenda for Sustainable Development“.
inclusive growth
The United Nations emphasizes that industrial development is crucial to sustainable and inclusive economic growth in African countries.
By introducing new equipment and new techniques, industry can improve productivity, increase workforce capacity, and create jobs.
And with strong links to domestic economies, industrialization will promote African countries to achieve high growth rates, diversify their economies and reduce the likelihood of shocks. externally – contribute significantly to poverty alleviation through job creation and wealth creation.
Africa’s Industrialization Drives
United Nations Industrial Development Organization (UNIDO) drew attention to the African Union Summit on Africa’s Industrialization and Economic Diversification, which begins Sunday and runs through Friday.
The summit aims to bring together political momentum, resources, partnerships and alliances towards an African industrialization engine.
This coincides with the continent’s determination to accelerate structural transformation by taking advantage of Africa’s rich and diverse natural resources, while embracing technological advances, trends, and trends. continental and global socio-political geopolitics and the emergence of tradable services.
“Supporting industrialization with strong linkages to domestic economies will help African countries achieve high growth rates, diversify economies, reduce food insecurity and reduce food insecurity. exposure to external shocks” United Nations Development Program (UNDP) Representative in Ghana, Angela Lusigi, said on Twitter.
A worker fixes the wheels of a giant truck at a uranium mine in Namibia.
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Within the framework of Second decade of industrial development for Africa – from 1991 to 2000 – General Assembly, announced November 20 is “Africa Industrialization Day”.
Since then, the United Nations System has organized events on that day around the world to raise awareness of the importance of industrialization in Africa and the challenges facing the continent.
