Made in Africa
The Made in Africa workshop comes in continuation to the Arab Republic of Egypt’s efforts towards realizing the goals of Africa’s Agenda 2063 and ensuring the achievement of the agendas aspiration “The Africa We Want”.
The workshop aims to define the approach for a comprehensive, inclusive and sustainable industrial integration that would lead to economic prosperity through a series of panels that tackle the key enablers for sustainable industrial development and investments. Prominent African figures representing the voices of African people will share their views on how Africa can achieve key advancement in mobilizing continental initiatives that enable self-reliance and Africa leading its own development.
The two-day workshop hosts distinguished African Ministers of Industry to be the key speakers of each of the panels held through the workshop.This step aims for the African states to share their experiences and ideas on African Industrial Integration. In addition, it ensures reaching comprehensive and sustainable conclusions. Invitees will include captains of industries from the private sector.
The event will also highlight the latest economic analysis derived by the African Development partners, which referred to the challenges facing industrialization of the African economies leaving room to the manufacturing sector to flourish, and increasing the opportunities to create quality jobs. This is why Africa needs to industrialize and add value to its abundant agricultural, mineral, and other human / natural resources. This will, with no doubt, boost macroeconomic stabilization and employment, which are sustained when industry leads growth, suggesting that industrialization is a strong path to rapid job creation.
Made in Africa seeks to be a platform that generates technical and applicable solutions for the African Industrial Integration through the following Expected Outcomes:
- Identifying concrete policy tools to achieve practical industrial integration.
- Mapping African resources through adopting a new initiative to create a proper platform for data exchange.
- Determining opportunities for integrating logistical infrastructure.
- Energizing the role of financial institutions to develop solutions for accelerating African integration.
- Developing regional synergies opportunities in value-added production.
Why Africa should integrate?
Integration is a development priority for Africa. All Africans, not just policy makers and decision makers, have a role to play in making integration a reality for the continent.
In its core regional integration is cross-border and multi-dimensional, which must focus on five main dimensions; regional infrastructure, trade integration, financial and macroeconomic integration and free movement of people. Thus, giving African industrialists and producers access to regional markets and linking them up into more sophisticated regional value chains will raise their competitiveness and enhance their capacity for graduation into more competitive global niches.
It consequently provides an opportunity for African countries to address a major constraint to export competitiveness imposed by the small size of their national economies and geography/transport costs, while acting as a potent vehicle to promote product and export diversiﬁcation, increases competition in the local market, which in turn increases productive efﬁciency and price convergence across countries and regions and promotes the transmission of technological innovation and enables countries to compete with more advanced economies on the international market.