NEW: Intra-African trade will stimulate industrialisation: President

16 Nov, 2021 - 15:11 0 Views
NEW: Intra-African trade will stimulate industrialisation: President President Emmerson Mnangagwa

The Sunday Mail

Online Reporter

Growth of trade among African countries, and the integration of the continent’s markets will lead to continent-wide industrial development, President Mnangagwa has said.

In his remarks at the Intra-African Trade Fair in Durban, South Africa on Monday, President Mnangagwa said intra-African trade will bring better standards of living for the people of Africa.

“As member states, investors and participants, let us use this and other initiatives across our economic regional communities to vault Africa’s transformation, for the benefit of present and future generations,” he said.

“To this end, it is necessary for our African continent, to scale up investments in innovation, science and technology as well as research and development, leveraging on our various unique resource endowments and comparative advantages.

The President said the modernisation of agriculture, agro-processing, the development of pharmaceuticals and mineral beneficiation, should remain a collective priority.

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