- Date: Friday 26 October 2012.
- Venue: RCOG, 27 Sussex Place, Regent’s Park, NW1 4RG London, United Kingdom
- Time: Registration begins at 6:15 p.m. Event runs from 7:00- 9:00 p.m, to be followed by a drinks reception until 10:30 p.m.
- Note: Even amongst those registered, certainty of seating will go to the punctual; latecomers risk not being admitted.
Respondent | Mr Admassu Tadesse | President and CEO, PTA Bank, the Eastern and Southern African Trade and Development Bank.
Respondent |Mr Hinh Dinh | Lead Economist, Operations & Strategy, Office of the Sr. Vice President and Chief Economist, The World Bank. Also lead author, World Bank’s ‘Light Manufacturing in Africa’ publication.
Moderator | William Wallis | Africa Editor, Financial Times
Topic: “Industrial Strategies for Africa”.
Synopsis: Africa currently accounts for only approximately 1 percent of global manufacturing activity. The continent continues to ship natural resources to developed and emerging countries, and along with them, jobs and economic development. Even as the withdrawal from China of Adidas and other multinational corporations indicates an approach to the end to that country’s low cost dominance, African countries are losing- not gaining- ground in labor-intensive manufacturing. Clearly, something needs to be done, but what?
Government decisions to select certain industries and companies for support have been tried before, with results little resembling what was intended, and often disastrous. What policy mix is required and do governments have the political will and capacity to set the policy? What is to be the role of the private sector in crafting and implementing industrial policies? What have been the constraints to the emergence or expansion of even a light manufacturing industry in many African countries?
Writing in The Globalist some months ago, Dr Yumkellah stated that ‘What Africa needs is not charity, but trade and solid industrial strategies.’ Join us in an exposition of exactly what these should be.