Adesina Calls for Tech Investment to Boost Africa's Economy
Dr Akinwumi Adesina, a former President of the African Development Bank Group, called on African leaders to prioritize industrialization, technological innovation, and ethical leadership to improve the continent's competitiveness in the global economy. He delivered a keynote address titled “Africa’s Next Leap: Visionary and Ethical Leadership for an Integrated and Prosperous Africa in the Global Economy” at the BPI Iconic Awards in Johannesburg, South Africa.
Adesina stated that Africa should transition from exporting raw materials to processing resources and manufacturing goods. He highlighted the potential of Africa's youthful population and natural resources to drive economic growth if properly harnessed.
He urged governments and educational institutions to equip young people with relevant skills in emerging technologies. Adesina also discussed the African Continental Free Trade Area's role in fostering industrial growth and emphasized the need for ethical leadership in decision-making processes.
He cited Nigeria’s $20bn Dangote Refinery as an example of potential industrial investment in Africa.
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