Boosting regional integration, infrastructure, trade and technology towards prosperous and inclusive green industrialization in Africa

Abstract

This issues paper presents an overview of the challenges and opportunities for Africa in achieving inclusive and green industrialization, as outlined in the theme of the third session of the Committee on Private Sector Development, Regional Integration, Trade, Infrastructure, Industry and Technology. It highlights the urgent need for regional integration, infrastructure enhancement, and investment in technology to address the pressing issues of poverty, unemployment, and climate change affecting the continent. The paper discusses the potential of the African Continental Free Trade Area (AfCFTA) to facilitate economic integration and promote sustainable development through the establishment of regional value chains. It emphasizes the importance of leveraging digital technologies and renewable energy resources to drive industrialization while ensuring environmental sustainability. The conclusion poses critical questions for the Committee's consideration, focusing on strategies to unlock opportunities in regional value chains, enhance infrastructure, and promote green technologies, ultimately aiming for a prosperous and inclusive future for Africa.