The African Development Bank cannot be faulted for its consistent demonstration in refashioning the fortunes of member countries as it focuses on industrialization in this year’s Annual General Meeting.
At a breakfast meeting leading up to the bank’s AGM in the mountains of South Korea’s second largest city, Busan, the bank’s President, Dr Akinwunmi Adesina gave a stemwinding speech on the gains of industrialization.
Adesina said it was time for Africa to muscle in on industrialization as a strategy in harnessing the full potentials of its agricultural endeavours.
The meeting, scheduled to run from May 21 – 25th, 2018 will witness a jolt of diversity, with different stakeholders from different countries coming together to brainstorm on well-intentioned innovations that can create a robust agricultural market for Africa.
In his speech, Adesina pointed out that, Africa is a tremendously blessed continent with massive amount of resources, cheap labour, lots of oil, natural gas, minerals, metals to mention a few.
He says: “Africa has to add value to the world and that is why we have selected the theme of this year’s annual meeting to be on industrialization. I am not going to bore you a lot with the details because there will be time for us to discuss later in the day, but I want you to get a sense of why we are doing this, for the reason that, we think Africa needs to create a lot of jobs.
L-R, Mutoba Ngoma-CEO Tapera Industries Limited, Zambia, Badr Idrissi- CEO & Co founder ATLAN Space, Morocco, Abigail Urey-CEO & Co Owner Edgail, Liberia, Lorna Rutto- Co founder and CEO EcoPost, Kenya
“Industrialization will help with a lot of that. Africa needs to expand its physical base obviously, you do that when you also have a good number of industries that are developing and while creating opportunities for SMEs. Africa needs to be competitive in the global market.
“Africa is doing a lot of right things and you will hear quite a lot this week, help us to tell those stories to the people all around your countries, all around your continent of a resurgent Africa that is ready to take its rightful place in the industrial part of the world,” Adesina added.