AU

#AfricaIndustrialization

The Summit will take place as part of the Africa Industrialization Day (AID) annual commemorative activities. Given the importance of industrialization and economic transformation in Africa, the Africa Industrialization Day was adopted by the Assembly of Heads of State and Government of the Organization of African Unity in July 1989, in Addis Ababa, Ethiopia. 

The Africa Industrialization Day provides an opportunity to key stakeholders to reflect on Africa’s industrialization by looking at how the continent can change its current status quo. Since 2018, the Africa Industrialization Day has been commemorated with weeklong events, marking a departure from the one-day tradition, and which affords more time to reflect and accelerate actions towards Africa’s structural transformation, as an enabler to meet the objectives of Agenda 2063, and SDGs, 2030. 

Find details about the upcoming event below and here! 

UPDATE: The event has been postponed until February 2022. Details will be available soon. Thank you for your interest!

About the event

  • Event objectives
  • Expected outcomes
  • Target audience
    • Decide on a renewed continental policy framework on Africa’s industrialisation aimed at rallying the continent’s resolve and commitment to a bold set of policy and investment actions to accelerate the continent’s industrialisation drive
    • Reinforce the development of regional industrial value chains to clearly articulate Africa’s quest to industrialize, create jobs and entrepreneurship opportunities for Africa’s MSMEs, youth and women within the context of current and emerging continental and global socio-economic trends.
    • Provide high-level political support to drive a globally competitive Africa-Industrialisation programme through public-private alliances, at the national, regional, continental level, and aligned global policy coherence, coordination and linkages, investment financing. This should take full cognizance of current and emerging key cross-sector needs including energy and water, education and training, Science-Technology and Innovation, climate change, environmental resilience and crisis management.
  • Upon the conclusion of the Summit, there will be a Declaration by Heads of State and Government. The Summit will also be an opportunity for:

    • Renewed high level political resolve and commitment to accelerate Africa’s Industrialisation alongside advances on the AfCFTA provisions
    • Policy decision for an AU-led broad-based, cross-sector consultation to develop an up-to-date, implementable and results-based Africa-Industrialisation Policy Framework, embracing gains and lessons from the continent’s experiences, taking cognizance of current and emerging global trends, with particular attention to the continent’s inclusive social and economic development priorities; 
    • Agreement on a Compact between governments and Africa’s private sector, academia and the civil society to bring about desired and aligned policy decisions, investment financing, institutional and human capital dedicated towards Africa-Industrialisation, to boost prospects for the AfCFTA implementation.
  • The Summit on Africa’s Industrialization and Economic Diversification will bring together the African Union Commission and the organs; Heads of State and Government; African Ministers responsible for industry, trade, mining and investment and other relevant ministries; Heads of international development institutions including the UN agencies; Chief Executives of Regional Economic Communities; Regional and International Development Finance Institutions; representatives of the private sector, civil society, youth, women and other stakeholders involved in the industrialization of the continent.

Side events information

  • 21 November 2021 - Building resilient regional/continental value chains in Africa: From diagnostics to the planning of action
  • Theme: Building resilient regional/continental value chains in Africa: From diagnostics to the planning of action

    When: 23 November 2021 at 10:00 a.m. - 12:00 p.m. (WAT)

    Organizers: UNIDO in collaboration with AUC, AUDA-NEPAD, AfCFTA Secretariat, UNECA, AfroChampions Initiative and Afreximbank

    Target audience: Policy makers at national, regional and continental level, leaders in the public and private sectors, development and funding partners, academia.

    Background: 

    The development of regional value chains at a continental-scale within the frame of an African single market is key for the success of the African Continental Free Trade Area (AfCFTA). One of AfCFTA objectives under Article 3 (paragraph [g]) is to “promote industrial development through diversification and regional value chain (RVC) development, agricultural development and food security”.

    While boosting inter-Africa trade and making the continent a single market and a potential global trade hub, the AfCFTA has the potential to diversify risk and develop RVCs across borders and sub-regions. This should result in more value added to African products and in an increase of the continent’s share in global trade. However, this would require companies, and especially MSMEs, in Africa to integrate into value chains across borders, so that they access more local supplies, new markets, technology, know-how and finance.

    Expected outcomes: 

    This event will take stock of the status of RVC development in Africa, identify main challenges, highlight criteria for choosing priority value chains for development action, and discuss roles, responsibilities, and funding for concrete actions, paving the way for a RVC development agenda on the African continent with increased value addition for enhanced trade, inclusive, sustainable industrialization and transformative development in the AfCFTA.

    Speakers: to be confirmed...