CARE CONSULTING celebrates the 30th edition on Industrial Security, under the patronage of the Minister of Mines, Industries and Technological Development.
Cameroon in one of the 54 countries that have signed the agreements establishing the African continental Free Trade Area( AfCFTA) launched on March 21, 2018 in Kigali, Rwanda.
Organized at the GICAM premises in Bonanjo, Douala, on November 20, 2019, the Africa Industrialization Day is celebrated under the theme “Positioning African Industry to Supply the African Continental Free Trade Area (AfCFTA) Market”.
Given the urgency to boost industry capacity to supply the AfCFTA market and beyond, this year’s celebrations also focus on exploring tools and business instruments that strengthen industry’s capacity to compete and innovate.
Talking at the ceremony, the Minister representated, by his Secretary General, Mr Fru Jonathan enumerated some problems blocking the industrialization of Africa, “Africa has alot of potentials, Africa has the resources that could be developed but unfortunately, Africa is one of the least developed continent. Africa has the problem of financial resources, we have the problem of infrastructures and problem of a vision to develop our sector and that is why the United Nations is sensitizing African leaders to take advantage of the African Continental Free Trade Zone”
Worth to note is the fact that, the Africa Industrialization Day (AID), represents a unique platform to enhance international cooperation and dialogue on the pan-African industrialization agenda, and to raise awareness of the opportunities and challenges associated with this innovation drive.
It also seeks to engender industry policy coherence in Africa, enhance effective engagement of key stakeholders by the African Union Commission on industrialization and trade related subjects in the context of the AfCFTA, intensify synergies between the private and public sectors as they interface with global capital and technology and explore the possibilities of a new model of developing Africa’s productive capacities to boost intra-African Trade.
By Subiru Madina