Africa Industrialization Day

Note: The map shows potential providers of inputs that have comparative advantage or an export potential of more than $10 million Significant intraregional export potential to untap Africa has the potential to export €5.8 billion of cotton garments by 2026. Almost 15% of these exports would be on the African continent. Two-thirds of intraregional export potential in the sector have yet to be unlocked. Despite high exports and export potential, import demand is also high. This is reflected in an import value of €3.6 billion, projected to increase by 84% as of 2026 to €6.6 billion Africa is on the low steps of this value chain ladder   The continent is an important producer and exporter of raw cotton and is involved in the final assembly of certain textiles. However, Africa exports 90% of its raw cotton to Asia and is a net importer of cotton fabrics and yarn. African cotton apparel manufacturers import a mere 7% of cotton yarn and 6% of cotton fabric from elsewhere on the continent....

Accelerating productive transformation through industrialization , a higher form of value addition, is at the centre of Africa’s agenda towards sustainable development, structural transformation, competitiveness, recovery, resilience and inclusive prosperity and gained in importance in the current complex geopolitical context. The start of trading under the African Continental Free Trade Agreement (AfCFTA) in January 2021 offers Africa the most significant opportunity for socioeconomic progress. It is as of now, Africa’s biggest development programme. The AfCFTA becomes even more relevant when viewed against the backdrop of global supply chain disruptions which are bringing in train, inflation and threats of economic recessions. An integrated continental market of 1.4 billion people and growing, opens up large economies of scale and scope that can attract investments in manufacturing and agro-processing, which in turn, can boost economic diversification and intra-African trade . Projec...

  Africa Industrialization Day (AID) 2022  - Industrializing Africa: Renewed commitment towards an Inclusive and Sustainable Industrialization and Economic Diversification.