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.
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.
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...