AU Summit on Industrialization and Economic Diversification: Focus on Local Natural Resource Management

The Heads of State and Government of the African continent have worked on the fate of the industrialization of their countries. In Niamey in Niger, they took a major decision at the end of the extraordinary summit of the African Union on industrialization and economic development held this Friday, November 25.

“The paradigm shift in the management of their natural resources which must be at the heart of the development of value chains”.

For the Congolese Minister of Industry, Julien Paluku, representative of President Félix Tshisekedi at these meetings: “It is a very important decision for African countries to think about their industrialization”.

Several speeches focused on the local transformation of African natural resources were there before, including that of the President of the African Union Commission, Moussa Faki Mahamat and the President of Niger, Mohamed Bazoum.

Julien Paluku Kahongya called on African countries to develop operational plans to realize this great dream and underlined:

“Our economies are export-oriented, which has not helped our countries to eradicate poverty. This industrialization summit is a strong moment that will allow the different countries to have to change the paradigm of management of their resources so that from now on the transformation takes place on the continent and that we can give added value to our raw materials” .
And to add: “Thus, we are no longer going to sublimate the prices of raw materials which are fixed outside”.

Julien Paluku Kahongya also invited African leaders to allocate substantial budgets to boost the industrial sector; but also investors to visit the Democratic Republic of Congo, the best destination in the world for the electric battery industry.

The installation of the first manufacturing plant for precursors of electric batteries in the province of Haut-Katanga requires the support of various investors, concluded the Minister of Industry.

It should be noted that the Minister of Foreign Trade, Jean-Lucien Bussa and the Director General of the Agency for Special Economic Zones,
-AZES, Augy Bolanda took part in this summit which preceded that on the African Continental Free Trade Area-ZLECAF which augurs integration with African inbound trade.

Christiane EKAMBO

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