17th AU Extraordinary Summit on Industrialization and Economic Diversification opens in Niamey

APS - 26 November 2022

NIAMEY-The 17th Extraordinary Summit of the African Union (AU) on Industrialization and Economic Diversification in Africa themed " Industrializing Africa: Renewed Commitment Towards an Inclusive and Sustainable Industrialization and Economic Diversification," began Friday in Niamey (Niger), with the participation of the Prime Minister, Aimene Benabderrahmane, in his capacity as representative of the President of the Republic, Abdelmadjid Tebboune.

The PM will be accompanied by the Minister of Foreign Affairs and National Community Abroad, Ramtane Lamamra, Industry Minister, Ahmed Zaghdar, Minister of Trade and Export Promotion, Kamel Rezig, and the Ambassador of Niger to Algeria, Mehdi Bekhedda.

At the beginning of the work, the Chairman of the AU Commission, Moussa Faki Mahamat said that "the transition to industrialization in Africa is possible through the agriculture sector given its great importance," stressing that "the success of industrialization, economic diversification, and the African Continental Free Trade Area (AfCFTA) depend on the political will and unity of all member countries of the AU."

For his part, the President of the Republic of Niger, Mohamed Bazoum said in his speech that "the African continent has underground natural and energy wealth of all types, and an important asset, namely youth in which we must invest.

Bazoum further stressed "the need for African leaders to demonstrate political will, unity, and determination, to ensure the success of the industrialization process, achieve economic diversification in the continent and boost digital transition by continuing efforts for training, research and the use of information technology and communication (ICTs) as a catalyst.

He also affirmed that industrialization must ensure "complementarity between the public and private sectors, with the creation of small and medium enterprises (SMEs) that meet the needs of the continent."