Former Mozambican President Joaquim Alberto Chissano in discussion with former Tanzanian Presidents H.E. Ali Hassan Mwinyi and H.E. Benjamin William Mkapa during the 4th Forum For Former African Heads of State and Government(Africa Forum) held at the United Nations Economic Commission for Africa(UNECA) Conference centre in Addis Ababa Ethiopia. The Two Days forum(2-3 April 2016) has been sponsored by UNECA.
Former Tanzanian President H.E.Benjamin William Mkapa in conversation with former Malawian President H.E.Bakili Muluzi in Addis Ababa.(photo courtesy of Tanzania Embassy in Addis Ababa Ethiopia).
Sound economic policies geared at propelling African countries into industrialization coupled with properly trained young workforce could make the continent more prosperous lifting millions of Africans out of poverty.
The United Nations Under Secretary-General and Executive Secretary of the United Nations Economic Commission for Africa (UNECA) Dr. Carlos Lopes said this during the opening session of the 4th General Assembly of the forum for Former African Heads of State and Government (Africa Forum) held at UNECA Conference Centre in Addis Ababa today.
The two days General Assembly of the Forum for Former Heads of State and Governmen(2-3April 2016) has been sponsored by The United Nations Economic Commission for Africa UNECA.“
African countries need to undertake economic structural transformation geared towards industrialization,” adding that recent growth of economies in most African countries was a result of increase export of raw commodities to industrialized countries.
Dr. Lopes said that manufacturing in most African countries has been going down significantly in the past decade despite doubling of GDP in the same countries as a result of increase of export of raw commodities and that there has been an increase in internal consumption of imports.
The UNECA Executive Secretary outlined some challenges the continent is facing towards industrialization including patenting and protection by the industrialized countries of their intellectual property rights in commodity production, complex trade regimes in global market, inadequate technology and stiff competition.
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