News

Mobilizing Investment for inclusive and Sustainable Industrial Development in Africa

31 2018

GENEVA, 25 October 2018 -“Made In Africa InitiativeMIAI) founder---Ms. Helen Hai was invited to the session on“Mobilizing Investment for inclusive and Sustainable Industrial Development in Africa during the 2018 World Investment Forum. This session was co-organized by the African Union (AU), the United Nations Development Organization (UNIDO) and the United Nations Conference on Trade and Development (UNCTAD).

The session brought together global thought leaders in the investment and finance domain, to discuss new approaches towards mobilizing investment for Africa’s manufacturing sector to strengthen productive capacity development. The outcome of the discussion will be key for policy makers and entities involved in policy analysis, technical assistance and resource mobilization. They will also be taken on board in the implementation of the IDDA III road map.

 

As Goodwill Ambassador for UNIDO, MIAIs founder Helen Hai was invited to this meeting, Guest including Mr. Li Yong, Director General of UNIDO, Mr. Mukhisa Kituyi, Secretary-General of UNCTAD-, Mr. Alan John Kwadwo Kyerematen ,Minister of Trade and Industry in Ghana , Mr. Amelia Kyambadde , Minister of Trade and Industry in Uganada , Ms. Clare Akamanzi, CEO of  Rwanda Development Board , Ms. Kayula Siame , Permanent Secretary of Zambia Ministry of Cmmerce, Trade and Industry and Mr. Hans Docter, Director of Netherlands Ministry of Foreign Affairs.

 

MIAI working to bring light manufacturing investment and jobs to Africa, who plays a significant role for Africa growth. Its not easy to invest in Africa from private sector, but its depend on willingness, When be asked how can Africa attract good investment for industrialization Helen Hai said, “Entrepreneurial leadership is needed in Africa, one that has the willingness to learn how to catch the fish and work hand-in-hand with the private sector. This is key to drive economic development in the continent.

As Director of UNIDO Li Yong said Africa industrialization is a reality, its already moving, but we need to mobilize more FDIs, because it brings seed money and technology for manufacturing,

Even though there are a lot of instability on investment in Africa, and it is a hindrance to its economic development, but Made in Africa Initiative is always full of confidence to this continent. “How to decrease investment risk in Africa? Helen answered Asias story told us not everyone enjoyed the growth, and not all the countries will be able to ride the trend of industrialization in Africa, the leadership is key. Every country should make further plan on which path they want to take for next 20 years development.