Former African Development Bank (AfDB) Group President, Dr Akinwumi Adesina, has called on African countries to prioritise industrialisation, technological innovation and ethical leadership to accelerate economic growth and strengthen the continent’s global competitiveness.
Adesina made the call while delivering 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.
He said Africa must move beyond exporting raw materials and focus on developing competitive industries that create jobs, retain economic value within the continent and support long-term prosperity.
According to him, the continent can unlock its economic potential by leveraging its youthful population, abundant natural resources and expanding markets to strengthen local production and improve living standards.
Adesina described Africa’s people as its greatest asset, stressing the importance of providing young people with quality education, relevant skills and technological knowledge.
He also emphasised the need to create opportunities for young Africans to establish businesses, develop innovative solutions and contribute to job creation.
The former AfDB president’s call highlights the importance of shifting from dependence on raw material exports towards value addition, industrial development and technology-driven growth.
Building stronger industries and supporting African innovators could help countries create more employment opportunities, improve productivity and increase their participation in global trade.
His remarks also underscore the role of visionary and ethical leadership in ensuring that Africa’s resources and economic opportunities translate into inclusive growth and improved livelihoods for its people.
