The African Development Bank (AfDB) is partnering withkey international organisations including the African Union Commission, African governments, United Nations agencies and development finance institutions, to renew support for Africa’s industrialisation.
The partners have also agreed to undertake and implement joint programmes for increased development impact, especially in the mobilization of adequate resources to enable the full implementation of the Third Industrial Development Decade for Africa(IDDA III).
The commitments were made at a high-level event on the “Third Industrial Development Decade for Africa (2016-2025): From political commitment to actions on the ground” held on the sidelines of the United Nations General Assembly in New York.
In 2016, the AfDB together with the United Nations Industrial Development Organization (UNIDO) and the UN Economic Commission for Africa (ECA), developed an ambitious Industrialize Africa strategy that aims at more than doubling the continent’s industrial GDP.
“We believe it is about time for Africa’s industrialization. Let me restate that the ‘Africa rising’ story is still alive and well,” said Amadou Hott, AfDB’s Vice-President for Power, Energy, Climate and Green Growth, in remarks he delivered on behalf of the Bank President.
The partners in this new deal include the African Development Bank, African governments, the African Union Commission (AUC), the United Nations Under Secretary General, Special Advisor on Africa (OSAA), ECA, UNIDO, private sector organizations and development finance institutions.