Assembly of the African Union 10th Ordinary Session, Addis Ababa, Ethiopia, 31 January-2 February 2008

Sectors : Industry, Financial Institutions, markets, services and microfinance
Organisation : AU
Date made: 
2008
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Commitments in: Private Sector development and financial services for the poor - Industry

“We, the Heads of State and Government of the Member States of the African Union...

...Hereby:

1. ENDORSE the Action Plan of the 1st Extraordinary Session of AU Conference of Ministers of Industry (CAMI) on the industrial development of Africa, and

2. COMMIT OURSELVES to:
- Accelerate the pace of Africa’s industrial development, especially the conversion of natural resources to higher value-added products;

- Adopt policies and programmes for natural resource processing and greater value addition in Africa;

- Enhance public-private sector partnership, particularly in the areas of heavy infrastructure development;”

Scope: 
Africa, Regional Africa

“We...

...2. COMMIT OURSELVES to:

... - Increase investment in Science and Technology, Human Capital Development, with emphasis on technical training, to enhance Africa’s industrial productivity and competitiveness;

- Pool resources and share knowledge and know-how in the area of industrial technology, planning and production management;

- Establish and strengthen the legal and institutional frameworks for the promotion of African industrial enterprises at national, regional, continental and international levels;

- Strengthen African Industrial Research and Development Institutions and Agencies to develop innovative approaches and programmes for the accelerated industrial development of Africa;”

Scope: 
Africa, Regional Africa

“We...

...2. COMMIT OURSELVES to:
...- Encourage Africans in the Diaspora to increase their contribution to the industrial development of Africa;

- Speed up the establishment of the African Investment Bank and the promotion of African regional and continental capital markets;

- Achieve the harmonization of African business laws;

- Take necessary measures at the national level to implement the Action Plan…

5. REITERATE our commitment to the promotion of regional markets that are necessary for the attainment of economies of scale in the production of competitive industrial products in Africa;

6. UNDERTAKE to develop and enhance Africa’s industrial cooperation and partnership with the emerging industrial economies for the mutual benefits of both sides...”

Scope: 
Africa, Regional Africa