“The conversations and the policies on economic diversification...

“The conversations and the policies on economic diversification should be directed to breaking the current vicious cycle that locks Africa in the lower end of global value chains, and addressing the structural problems compounding economic activities on the continent”, he observed. This will be the objective of the forthcoming DRC-Africa Business Forum to be co-organised in Kinshasa from 8 to 9 November 2021 by the host country’s Government, ECA and her partners including the Africa Finance Corporation, the African Development Bank, the Arab Bank for Economic Development in Africa and Afreximbank.

In discussing industrial policy, he noted that setting up special economic zones (SEZs) can enable African countries to overcome binding constraints to being competitive in Africa.

Partnerships, special economic zones, new CSR essential for Africa’s economic diversification | United Nations Economic Commission for Africa (uneca.org)