President Paul Kagame on Thursday arrived in Niamey, Niger for the African Union Extraordinary Summit on Industrialization and Economic Diversification, according to the Presidency.
The summit themed âIndustrialising Africa: Renewed commitment towards an Inclusive and Sustainable Industrialization and Economic Diversificationâ is running from November 20 to 25.
It is convened as part of the Africa Industrialization Week annual commemorative activities and for this year, the focus is on reflecting on the lessons learned and accelerating the achievement of structural transformation by speeding up production capabilities, the rate of innovation and increasing welfare gains.
According to Africaâs Industrial Revolution report, the continentâs drive for industrialization will benefit from an innovative policy mix that combines the focus on traditional manufacturing with a forward-looking focus on new and emerging high-sophisticated opportunities.
Despite progress marked over the years, Rwanda seeks more manufactures to drive domestic value addition chain and economic growth. The government has since introduced incentives to the industry under the âManufacture and Build to Recover Programme,â with an aim to foster economic recovery following a recession resulting from the Covid-19.
