{"id":7962,"date":"2023-11-20T19:35:54","date_gmt":"2023-11-20T19:35:54","guid":{"rendered":"https:\/\/gbc1.net\/?p=7962"},"modified":"2025-12-08T17:34:40","modified_gmt":"2025-12-08T13:34:40","slug":"african-economic-conference-2023-spurs-sustainable-industrialization","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/","title":{"rendered":"African Economic Conference 2023 Spurs Sustainable Industrialization"},"content":{"rendered":"\n

The 18th African Economic Conference (#AEC2023<\/a>) took place in Addis Ababa from 16 to 18 November 2023. The theme of this edition was “Imperatives for Sustainable Industrial Development in Africa<\/em>.” The #AEC<\/a> is an annual event which is jointly organized by the AfDB, UNECA and UNDP. <\/p>\n\n\n\n

In his welcome address, Ethiopian President Mrs Sahle-Work Zewde underlined the importance of industrialization for Africa to move up the Global Value Chain and partake in wealth creation around the world.<\/p>\n\n\n\n

\n

“The need to change the narrative of Africa’s industrialization for inclusive and sustainable industrial development has become more imperative; African countries need to build a robust industrial sector that can withstand external shocks.”<\/p>\nEthiopian President Mrs Sahle-Work Zewde<\/cite><\/blockquote>\n\n\n

\n
\"\"
Family Photo of #AEC2023<\/a><\/figcaption><\/figure><\/div>\n\n\n

President Zewde extracted lessons from the COVID pandemic by enacting policies that can deliver diversified and resilient global supply and value chains. Africa is ripe for industrialization since it is rich in raw materials, has a sizeable single market made possible via the #AfCFTA<\/a>, and, last but not least, enjoys a youth dividend.<\/p>\n\n\n\n

\n

\u201cAfricans need to think African, produce African, and consume African to encourage indigenous industrial development in Africa.”<\/p>\nAfDB Chief Economist and VP Kevin Urama<\/cite><\/blockquote>\n\n\n\n

VP Urama believes that Loval Value Addition (#LVA<\/a>) will bring about the structural transformation of the economies in Africa by incentivizing local production and consumption. As a key example, Africa has all the ingredients, from #CriticalMinerals<\/a> to rubber, in order to build the ecosystem for the manufacture of Electric Vehicles (#EV<\/a>).<\/p>\n\n\n\n

Referring to the meteoric rise of China, which was mostly fulfilled upon transforming China into the ‘Factory of the World’, Africa now seeks to accelerate its #industrialization<\/a> and adapt the trajectory taken by the Chinese economy to its local context. However, Africa must remain vigilant so that its environment and biodiversity are not negatively impacted by mercantilist entrepreneurs.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 18th African Economic Conference (#AEC2023) took place in Addis Ababa from 16 to 18 November 2023. The theme of<\/p>\n","protected":false},"author":1,"featured_media":7969,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[14],"tags":[137,395,15,147,49,307,33],"yoast_head":"\nAfrican Economic Conference 2023 Spurs Sustainable Industrialization<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Economic Conference 2023 Spurs Sustainable Industrialization\" \/>\n<meta property=\"og:description\" content=\"The 18th African Economic Conference (#AEC2023) took place in Addis Ababa from 16 to 18 November 2023. The theme of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/\" \/>\n<meta property=\"og:site_name\" content=\"Global Business Council (GBC)\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-20T19:35:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-08T13:34:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/11\/AEC-01w-jpg.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gbc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gbc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/\"},\"author\":{\"name\":\"gbc\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad\"},\"headline\":\"African Economic Conference 2023 Spurs Sustainable Industrialization\",\"datePublished\":\"2023-11-20T19:35:54+00:00\",\"dateModified\":\"2025-12-08T13:34:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/\"},\"wordCount\":308,\"publisher\":{\"@id\":\"https:\/\/gbc1.net\/#organization\"},\"keywords\":[\"AEC\",\"AEC2023\",\"AfCFTA\",\"CriticalMinerals\",\"EV\",\"industrialization\",\"LVA\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/\",\"url\":\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/\",\"name\":\"African Economic Conference 2023 Spurs Sustainable Industrialization\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/#website\"},\"datePublished\":\"2023-11-20T19:35:54+00:00\",\"dateModified\":\"2025-12-08T13:34:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gbc1.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"African Economic Conference 2023 Spurs Sustainable Industrialization\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gbc1.net\/#website\",\"url\":\"https:\/\/gbc1.net\/\",\"name\":\"Global Business Council (GBC)\",\"description\":\"Connecting ... Dots\",\"publisher\":{\"@id\":\"https:\/\/gbc1.net\/#organization\"},\"alternateName\":\"GBC\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gbc1.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/gbc1.net\/#organization\",\"name\":\"Global Business Council (GBC)\",\"alternateName\":\"GBC\",\"url\":\"https:\/\/gbc1.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png\",\"contentUrl\":\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png\",\"width\":1200,\"height\":200,\"caption\":\"Global Business Council (GBC)\"},\"image\":{\"@id\":\"https:\/\/gbc1.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/globiznet\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad\",\"name\":\"gbc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g\",\"caption\":\"gbc\"},\"sameAs\":[\"https:\/\/gbc1.net\"],\"url\":\"https:\/\/gbc1.net\/index.php\/author\/gbc\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"African Economic Conference 2023 Spurs Sustainable Industrialization","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/","og_locale":"en_US","og_type":"article","og_title":"African Economic Conference 2023 Spurs Sustainable Industrialization","og_description":"The 18th African Economic Conference (#AEC2023) took place in Addis Ababa from 16 to 18 November 2023. The theme of","og_url":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/","og_site_name":"Global Business Council (GBC)","article_published_time":"2023-11-20T19:35:54+00:00","article_modified_time":"2025-12-08T13:34:40+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/11\/AEC-01w-jpg.webp","type":"image\/jpeg"}],"author":"gbc","twitter_card":"summary_large_image","twitter_misc":{"Written by":"gbc","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/#article","isPartOf":{"@id":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/"},"author":{"name":"gbc","@id":"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad"},"headline":"African Economic Conference 2023 Spurs Sustainable Industrialization","datePublished":"2023-11-20T19:35:54+00:00","dateModified":"2025-12-08T13:34:40+00:00","mainEntityOfPage":{"@id":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/"},"wordCount":308,"publisher":{"@id":"https:\/\/gbc1.net\/#organization"},"keywords":["AEC","AEC2023","AfCFTA","CriticalMinerals","EV","industrialization","LVA"],"articleSection":["Manufacturing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/","url":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/","name":"African Economic Conference 2023 Spurs Sustainable Industrialization","isPartOf":{"@id":"https:\/\/gbc1.net\/#website"},"datePublished":"2023-11-20T19:35:54+00:00","dateModified":"2025-12-08T13:34:40+00:00","breadcrumb":{"@id":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gbc1.net\/index.php\/2023\/11\/20\/african-economic-conference-2023-spurs-sustainable-industrialization\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gbc1.net\/"},{"@type":"ListItem","position":2,"name":"African Economic Conference 2023 Spurs Sustainable Industrialization"}]},{"@type":"WebSite","@id":"https:\/\/gbc1.net\/#website","url":"https:\/\/gbc1.net\/","name":"Global Business Council (GBC)","description":"Connecting ... Dots","publisher":{"@id":"https:\/\/gbc1.net\/#organization"},"alternateName":"GBC","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gbc1.net\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/gbc1.net\/#organization","name":"Global Business Council (GBC)","alternateName":"GBC","url":"https:\/\/gbc1.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gbc1.net\/#\/schema\/logo\/image\/","url":"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png","contentUrl":"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png","width":1200,"height":200,"caption":"Global Business Council (GBC)"},"image":{"@id":"https:\/\/gbc1.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/globiznet\/"]},{"@type":"Person","@id":"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad","name":"gbc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gbc1.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g","caption":"gbc"},"sameAs":["https:\/\/gbc1.net"],"url":"https:\/\/gbc1.net\/index.php\/author\/gbc\/"}]}},"_links":{"self":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts\/7962"}],"collection":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/comments?post=7962"}],"version-history":[{"count":16,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts\/7962\/revisions"}],"predecessor-version":[{"id":29763,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts\/7962\/revisions\/29763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/media\/7969"}],"wp:attachment":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/media?parent=7962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/categories?post=7962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/tags?post=7962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}