Taking Action to Enhance China-Africa Cooperation for Sustainable Industrialization in AfricaJun 5, 2017
Launch of Implementation Board of Made in Africa Initiative
2 June, Beijing-- Concrete actions for the sustainable industrialization of Africa have taken a step forward with the announcement of an implementation board for the Made in Africa Initiative (MIAI) this week.
The implementation board, consisting of a network of senior executives from leading enterprises from China and Africa, will provide practical steps for sustainable investment in Africa, and its contribution to local economic development and job creation.
The board was announced during the Macau 8th International Infrastructure Investment and Construction Forum by UNDP Country Director, Agi Veres and China International Contractors Association (CHINCA) Chairperson Mr. Fang Qiuchen. It aims to support industrialization in Africa by promoting China-Africa production capacity cooperation, contributing towards the achievement of the Sustainable Development Goals (SDGs) through sustainable and socially responsible investment in Africa.
“The network of senior executives from leading enterprises, financial institutes and associations will strengthen the implementation of China-Africa production capacity cooperation, which will contribute to the achieving of the Sustainable Development Goals in Africa for a more equitable and self-resilient continent.” Said Ms. Agi Veres, Country Director of UNDP China.
With the expected relocation of light manufacturing from China and other emerging market economies to Africa, African nations are perfectly poised to create the next manufacturing hub for global markets on the continent. However, there are a variety of challenges facing African nations as they look to modernize their economic structures. “This vision might be the last chance in generations to avoid a perfect storm of global inequality, ecological destruction and a historical large disenfranchised youth population. We have to turn the tide now, and the launch of the Implementation Board marks a new path for moving from a vision to concrete actions.” said Ms. Helen Hai, CEO of Made in Africa Initiative and UNIDO Goodwill Ambassador for Industrialization in Africa."
During the announcement, Mr. Fang Qiuchen also emphasized that “Africa is one of the most traditional and important contractors to develop infrastructure projects. The launch of the Implementation Board will act as an accelerator for boosting the infrastructure and production cooperation between China and African countries.” Africa is one of the most traditional and important destinations for Chinese contractors to develop infrastructure projects. The launch of the Implementation Board will act as an accelerator for boosting the infrastructure and production cooperation between China and African countries. “Realizing this vision might be the last chance in generations to avoid a perfect storm of global inequality, ecological destruction and a historical large disenfranchised youth population. We have to turn the tide now”
The Board will be composed of a small group of up to 20 members from leading enterprises in China and Africa. Representing different sectors that are stimulating greater investment in Africa, each member will serve a two-year term during which they have committed to guiding Africa to take full advantage of these opportunities, whilst ensuring that future industrialization across the continent follows a sustainable, inclusive model of growth.