Background paper on building resilient infrastructure and promoting inclusive and sustainable industrialization and innovation

Abstract

The transformation of Africa’s economies, so that they promote sustainable development and prosperity for all citizens, is critically dependent on the continent’s ability to promote industrialization, infrastructure development and innovation. Africa is well endowed with natural resources that could potentially support the continent’s structural transformation through industrialization, in which resources are shifted from low- to high-value-added activities. Inclusive and sustainable industrial development can significantly boost incomes while allowing for rapid and sustained increases in living standards for all, including women and young people. The Sustainable Development Goals, in particular Goal 9 (Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation), and Agenda 2063 recognize the role of infrastructure, innovation and industrial development in meeting their objectives.