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President in Niger for Extraordinary Summit on Industrialisation, Diversification



President in Niger for Extraordinary Summit on Industrialisation, Diversification


Hosia Mviringi


President Emmerson Mnangagwa has arrived in the Niger City of Niamey where he will take part in the 17th attend the African Union Extraordinary Summit on Industrialisation and Economic Diversity, and the Extraordinary Session on the African Continental Free Trade Area (AfCFTA).


The President, who left the country last night, leads Zimbabwe's Second Republic's charge towards economic independence and autonomy from the past colonial hegemony.


The Summit is expected to give impetus to the African continent's drive towards provision of high-level political inclination towards attainment of a globally competitive Industrialisation program through public-private partnerships (PPPs) at national, regional, and continental levels. This will be achieved through deliberate policy coherence, coordination, and investment financing.


The Extraordinary Session of the AfFTA will discuss among other things ways of enhancing value chains' ability to translate into job creation, continental policy framework on industrialisation, and entrepreneurship opportunities for micro, small and medium enterprises. 


The Summit is also expected to receive progress reports on the implementation of the African Continental Free Trade Area Agreement.


The AfFTA Summit is also expected to deliberate on the need for it to be inclusive in nature as it continues to create opportunities for hone-grown solutions for commerce within the African continent.


"#AfCFTA offers an excellent opportunity to boost the role of women in the African economy. There are avenues to scale-up levels of women employment in formal economy& leadership in business," said the African Union in a statement.


The AfFTA is the African strategy that feeds into the Continent's Agenda 2063 which is Africa's development blueprint to achieve inclusive and sustainable socio-economic development over a 50-year period. The blueprint was adopted in 2015.


Zimbabwe's own National Development Strategy Phase 1 (NDS1) which runs for five years from 2020-2025 is one such step towards industrialisation and true economic diversity and independence.


NDS1 addresses critical steps towards attainment of the country’s Vision 2030 of an Empowered Upper Middle Income Economy by 2030, of which rapid industrialisation is a key pillar.

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