Joint statement by AUC, AUDA-NEPAD, UNIDO, andECA on Africa Industrialization Day

Abstract

The Africa Industrialization Day is being celebrated this year in a completely uncertain global landscape owing to the prolonged effects of the COVID-19 pandemic, the pressing challenges posed by climate change and the Russia-Ukraine conflict that have disrupted the global supply chains with huge consequences globally and more fundamentally on African economies. This year’s theme: “Industrializing Africa: renewed commitment towards Inclusive and Sustainable Industrialization and Economic Diversification” allows us to reflect on the need for accelerating industrialization in Africa as a means to strengthen its ability to navigate a changing geopolitical landscape where near-shoring appears to be an effective response to potential disruption of global supply chains.