• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 15, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

ECA’s 2021 Conference to focus on sustainable industrialization & diversification in the digital era

February 2, 2021
Stephen M.Cby Stephen M.C
in Africa
0
ECA’s 2021 Conference to focus on sustainable industrialization & diversification in the digital era

ECA’s Regional Integration and Trade Division Director - Stephen Karingi

The fifty-third session of the Conference of African Ministers of Finance, Planning and Economic Development of the Economic Commission for Africa (ECA) will focus on sustainable industrialization & diversification in the digital era.

Preparations have reached advanced stages for the Conference of Ministers which will be held virtually from 17th -23rd March 2021, under the theme ‘Africa’s sustainable industrialization and diversification in the digital era in the context of CCOVID-19’.

The theme recognizes the continent’s desire to industrialize and create jobs for the millions of its populace, in particular, the youth joining the labor market annually.

RelatedPosts

Equatorial Guinea Clashes With France Over Mansion

Senegal Hit With Downgrade Over Soaring Debt Levels

Sudan’s Killing Fields, 300 Civilians Dead

ECA’s Regional Integration and Trade Division Director, Stephen Karingi, says with the African Continental Free Trade Area (AfCFTA) now up and running, the theme comes in handy, offering ministers and experts a platform to discuss the need to ensure that digitalization strategies are integrated into policy and planning frameworks for industrialization.

“The AfCFTA comes in handy during these difficult times where the continent is fighting COVID-19. It is crucial that our governments establish institutional arrangements for cooperation on the digital economy, and provisions to support digital capacities and industrialization and connect African businesses” .

Mr. Karingi

The coming into force of the AfCFTA signaled a unique turning point in the continent’s pursuit of industrialization; with e-commerce, a key catalyst in digitalized economies, being a key cornerstone of the pact’s infrastructure.

The main element of this year’s theme is the recognition of the need for African countries to achieve rapid economic growth without exacerbating the environmental cost of development.

 It calls for an alignment of development strategies with climate change mitigation measures, recognizing that industrialization while being an effective engine of growth for many developed countries, has come at a severe cost to the global climate.

According to the ECA, African countries will need to implement development strategies that recognize that better, safer, and more inclusive growth is one that involves strong climate action and efficient use of natural resources.

The theme also recognizes that Africa’s developmental path must minimize the aberration of developed nations and instead seek to embrace modernization through digitalization and less climate-costly industrialization activities.

While the COVID-19 pandemic has severely affected Africa’s economy pushing it into contraction, for the first time in more than 20 years, by an estimated 2 to 5.4 percent of Gross Domestic Product (GDP) in 2020, it has further highlighted the need for accelerating Africa’s digitalization.

“If emerging digitalization can be scaled, it could be transformational, helping Africa to sustainably industrialize and diversify within a global digital economy estimated to be worth more than $11.5 trillion” .      

  ECA

The ECA argues that Africa must embrace environmentally sustainable industrialization and diversification as a pathway to creating decent jobs for the 170 million African young people set to enter the job market between 2019 and 2030, building forward better from COVID-19 and ensure resilience to future shocks.

Deliberations at the conference will centre on how countries can leverage the rapid technological innovation to foster stronger economic growth and promote sustainability and inclusiveness, against the background of the urgent action that is needed to offset the impact of COVID-19 on Africa’s economies and economic trajectory.

The conference, which will draw seasoned and high-level panelists from within and outside Africa, promises to be very exciting and engaging, with outcome decisions that will have important implications for Africa’s future. 

Read Also:  Private sector key to AfCFTA success and Africa’s recovery from COVID-19

Tags: africadigitaldiversificationECA’s 2021 ConferenceEconomic Commission for AfricaIndustrialization
Please login to join discussion
Previous Post

Government is stepping up messaging on Covid prevention etiquette- Oppong Nkrumah

Next Post

Tanzania does not have plans to procure Covid-19 vaccine

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

President John Dramani Mahama
General News

Mahama Commits to Developing the Western North Region

July 15, 2025
Hon. Sammy Awuku, Fuel, Appointees
General News

Minority Labels Mahama’s Fuel Cut Directive a PR Gimmick

July 15, 2025
Burna Boy Worried Over Small Crowd at Wireless Festival
Entertainment

Burna Boy Retracts Afrobeats Comments

July 15, 2025
EU Launches Preparedness Union Strategy
Europe

Individuals, Entities Sanctioned For Destabilising Moldova’s Democracy

July 15, 2025
UK Ends Secret Afghan Relocation Scheme
UK

UK Ends Secret Afghan Relocation Scheme

July 15, 2025
COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’
Extractives/Energy

COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’

July 15, 2025
President John Dramani Mahama
General News

Mahama Commits to Developing the Western North Region

by Evans Junior OwuJuly 15, 2025
Hon. Sammy Awuku, Fuel, Appointees
General News

Minority Labels Mahama’s Fuel Cut Directive a PR Gimmick

by Silas Kafui AssemJuly 15, 2025
Burna Boy Worried Over Small Crowd at Wireless Festival
Entertainment

Burna Boy Retracts Afrobeats Comments

by Esther Korantemaa OffeiJuly 15, 2025
EU Launches Preparedness Union Strategy
Europe

Individuals, Entities Sanctioned For Destabilising Moldova’s Democracy

by Comfort AmpomaaJuly 15, 2025
UK Ends Secret Afghan Relocation Scheme
UK

UK Ends Secret Afghan Relocation Scheme

by Lawrence AnkutseJuly 15, 2025
COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’
Extractives/Energy

COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’

by Stephen M.CJuly 15, 2025
President John Dramani Mahama
Hon. Sammy Awuku, Fuel, Appointees
Burna Boy Worried Over Small Crowd at Wireless Festival
EU Launches Preparedness Union Strategy
UK Ends Secret Afghan Relocation Scheme
COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’
[/vc_row_inner]

Recent News

  • Mahama Commits to Developing the Western North Region
  • Minority Labels Mahama’s Fuel Cut Directive a PR Gimmick
  • Burna Boy Retracts Afrobeats Comments
  • Individuals, Entities Sanctioned For Destabilising Moldova’s Democracy
  • UK Ends Secret Afghan Relocation Scheme
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.