Africa Industrialisation Dayedit
Today the world recognises Africa Industrialisation Day celebrating the increasing economic development and industrial growth across the African continent. The day also marks a point for reflection on the continuing challenges facing many African nations in expanding their industrial progress, and how policymakers can ensure the benefits of industrialisation reach everyone in society.
One of the challenges particularly facing Sub-Saharan Africa is inadequate infrastructure. Underdeveloped regional infrastructure is hindering growth, job creation, productivity and social development across all sectors. This is despite the fact that infrastructure investment has been rising rapidly since 2006.
Of the projected $93 billion required annually to address sub-Saharan Africa’s infrastructure gap, an estimated $17 billion could be saved through efficiency gains from measures such as better maintenance, pricing reforms, better expenditure management and appropriate regulatory policy.
To help address these issues, we are organising an event to take place in early 2016, aiming to help foster resilience and promote collaboration on African infrastructure projects.
This will build on the achievements of our March 2015 event African infrastructure projects: driving momentum, delivering jobs and improving livelihoods. If you would like to be part of the project, please get in touch.
The spirit of Africa Industrialisation Day not only celebrates the thriving success of African nations, but hopes to build stronger international cooperation in addressing the issues that continue hinder development. Through convening discussions between key policymakers and partners in businesses, media and civil society, Wilton Park is proud to support the efforts towards improving industrial development across the African continent.