Seventh AU-ECA Joint Annual Meetings, 25-30 March 2014, Abuja Nigeria
The Seventh Joint AU Conference of Ministers of Economy and Finance and ECA Conference of African Ministers of Finance, Planning and Economic Development will be held on 25 to 30 March 2014, Abuja, Nigeria on the theme, “Industrialization for inclusive and transformative development in Africa”. The Conference will aim to provide a platform for policy makers to articulate concrete proposals to catalyze implementation of the Accelerated Industrial Development of Africa (AIDA) and increase commitment and actions to advance Africa’s industrial development agenda. The rationale for industrialization in Africa is grounded in the fact that most African economies concentrate economic activity in the extractive and commodity-producing sectors. In turn, the capital-intensive nature of the extractive sector and the limited inter sectoral linkages between the primary sector and other sectors of the economy create limited opportunities for value chain development, value addition and job creation. Moreover, the primary sectors are characterized by low productivity and low wages which render employees vulnerable to poverty.
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