The European Business Council for Africa

Industrialization is central to Africa’s development prospects. With its young labour force, abundant natural resources and fast-growing internal markets. Africa has the potential to become the next global frontier for industrial development. Africa’s development strategies, from the Sustainable Development Goals to Agenda 2063 and the African Union’s 2011 Action Plan for the Accelerated Industrial Development of Africa, all clearly identify industrial development as a foundation for inclusive growth, the creation of decent jobs and many other development goals. Industrialization is also a strategic priority for the African Development Bank (AfDB) under its Ten-Year Strategy (2013–2022), and one of the High 5s priorities. Under its Industrialize Africa strategy, the Bank is committed to helping African countries to accelerate their industrialization and unlock their economic potential.

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