Senior level dialogue on dynamic of development in Africa

The Department for Economic Affairs from the African Union Commission, in collaboration with the OECD Development Centre, TICAD7, to mark the occasion of the VII Tokyo International Summit on African Development, organised on 29th August a senior level political dialogue on productive transformation, in order to make commitments to those responsible for policy and players from the private sector.

Prior to the launch of the second edition of the emblematic economic report from the African Union: Africa’s Development Dynamics 2019, the meeting in Japan was an opportunity to speak about the TICAD7 policies in operation, and they discussed the importance of productive transformation in African economies, and how the extension of SMEs can contribute to the socio-economic development of Africa.

The second edition of the emblematic economic report from the African Union, entitled Africa’s Development Dynamics 2019, explores public policies that could assist with the transformation of production systems in Africa, and proposes decisive action to help companies to transform their production structures in order to take full advantage of opportunities, such as the recently launched African Continental Free Trade Area (AfCFTA).

Based on the most recently available statistics, this analysis aims to help African leaders to achieve the aims of the African Union Agenda 2063 on a continental, regional and national level, and to form part of renewed international cooperation between countries and regions focussed on mutual learning and the preservation of common goods. This volume is also feeding political debate among nations, citizens, entrepreneurs and researchers from the African Union.

Source: Equatorial Guinea Press and Information Office

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