INDUSTRIALIZATION
industrialisation

The African Union (AU) on Wednesday said it has been taking steps to help the private sector play its role of driving industrialization on the continent.

Speaking at the official opening of the Africa Industrialization Week, at the AU headquarters in Ethiopia’s capital Addis Ababa, AU Commissioner for Trade and Industry Albert Muchanga reiterated that the private sector is the key driver of Africa’s industrialization, and that the 55-member pan-African bloc is providing a large market space through the African Continental Free Trade Area (AfCFTA).

The AU is committed to skills development, dialogue with manufacturers, creating enabling environment for manufacturing, by addressing fair competition, policy consistency, access to finance, combating corruption as well as by creating trade-related infrastructure, the commissioner said.

The AU Commission also focuses on the development of industrial statistics that cover all African countries to provide evidences at the enterprise, national, and continental levels, he said. Enditem

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