• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 24, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

African Manufacturers Urge Investment In Local Industries

by Olushola Bello
2 months ago
in Business
African Manufacturers Urge Investment In Local Industries
Share on WhatsAppShare on FacebookShare on XTelegram

The Pan-African Manufacturers Association (PAMA) has advocated for the expansion of Africa’s manufacturing base for significant economic growth and job creation.

Advertisement

PAMA in its recently released edition news bulletin believed that investing in local industries and promoting intra-African trade can help mitigate the impact of global economic challenges on the continent.

The association is pushing for policies that support manufacturers, including security interventions, infrastructure development, and access to finance.

By leveraging initiatives such as the African Continental Free Trade Area (AfCFTA) and promoting ‘Made in Africa’ products, PAMA aims to unlock the continent’s manufacturing potential and drive sustainable economic growth.

It stated that “to unlock greater value capture and global competitiveness, Africa must pursue deliberate, regionally coordinated actions to strengthen its manufacturing base, trade infrastructure, and innovation ecosystems.

RELATED

Passengers Face Flight Delay As Multiple Bird Strikes Hit Air Peace Aircraft

4 Months To Yuletide: Air Peace, United Nigeria Jack Return Tickets To N677,000

37 minutes ago
Equities’ Investors Lose N201bn W-o-W Amid Post-MPC Rebalancing

Broad-based Selloffs Deepen Market Losses By N2.29trn W-o-W

39 minutes ago
ADVERTISEMENT

In deepening manufacturing capacity, PAMA said, “Africa must expand its manufacturing base to transition from a raw material exporter to a value-adding industrial hub within GVCs vis-à-vis, highlighting full implementation of the African Union’s African Commodities Strategy, which emphasises transforming Africa from a supplier of raw materials into a competitive, value-adding industrial economy.

It also noted the encouragement of member states to swiftly ratify African Union’s African Commodities Strategy, which has been delayed due to insufficient numbers.

The association also urged the  African Minerals Development Centre (AMDC) to coordinate this strategy effectively and, as a matter of timeline, deliver on its mandate.

ADVERTISEMENT

 

PAMA called for fast-tracking of AfCFTA implementation for industrial integration, saying that the AfCFTA must be implemented with urgency and industrial ambition to enable Africa’s GVC integration.

 

According to the Association, AfCFTA is already facilitating industrial clustering, standards harmonisation, and cross-border SMI integration. Regional manufacturing specialization is emerging, for example, textiles and cotton processing in West Africa, agribusiness and pharmaceuticals in East Africa; and full implementation can serve as the backbone of Africa’s industrial revival and GVC participation in the most beneficial manner.

 

The Association insisted that African countries should establish regional sectoral clusters that leverage complementary strengths across borders, citing examples: raw material extraction in the DRC, refining in Zambia, and final manufacturing in South Africa create integrated regional value chains.

 

It stated that such models of productive interdependence enable Africa to move into intermediate and final manufacturing stages with higher value capture.

 

It also said that “governments must invest in shared infrastructure to support intra-African supply chains and GVC integration. We must develop corridors through joint planning, co-financing, and governance structures to ensure regional competitiveness and sustainability.”

 

The Association noted that “while Africa’s current participation in global manufacturing value chains remains limited and skewed toward low-value segments, targeted reforms and strategic investments, especially under the AfCFTA framework can reposition the continent for industrial takeoff.

 

“Strengthening infrastructure, improving access to finance, investing in skills development, and deepening regional integration are key steps toward enhancing Africa’s manufacturing performance and enabling the continent to capture greater value in the global economy.”

 

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Pan-African Manufacturers Association (PAMA)
SendShare10172Tweet6357Share
ADVERTISEMENT
Previous Post

Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

Next Post

Club World Cup: Nine-Man PSG Defeat Bayern To Reach Semi-Final

Olushola Bello

Olushola Bello

You May Like

Passengers Face Flight Delay As Multiple Bird Strikes Hit Air Peace Aircraft
Business

4 Months To Yuletide: Air Peace, United Nigeria Jack Return Tickets To N677,000

2025/08/24
Equities’ Investors Lose N201bn W-o-W Amid Post-MPC Rebalancing
Business

Broad-based Selloffs Deepen Market Losses By N2.29trn W-o-W

2025/08/24
Presco Records N58.6bn Pre-tax Profit In Q1
Business

Presco’s Shareholders Approve N26.3bn Dividend

2025/08/24
Nigeria Leads Africa In Stablecoin Adoption with $22bn In Transactions
Business

Nigeria Leads Africa In Stablecoin Adoption with $22bn In Transactions

2025/08/24
Experts Advocate Strong Partnership, Intervention Models To Accelerate Shift To Renewable Energy
Business

Experts Advocate Strong Partnership, Intervention Models To Accelerate Shift To Renewable Energy

2025/08/24
FCMB Partners Leading Real Estate Firms On Affordable Housing
Business

FCMB Group Proposes Equity Capital Raise

2025/08/24
Leadership Conference advertisement

LATEST

Kano Gov’t Arrests Suspects For Illegal Tree Felling

Kindergarten Graduation: The New Face Of Exploitation In Private Schools

Navy Confiscates 105,000 Litres Of Diesel, Arrest 8 Suspects In Rivers

BBNaija10: Season 9 Housemates DJ Flo, Wanni X Handi Perform At Saturday Night Party

4 Months To Yuletide: Air Peace, United Nigeria Jack Return Tickets To N677,000

Broad-based Selloffs Deepen Market Losses By N2.29trn W-o-W

Presco’s Shareholders Approve N26.3bn Dividend

Nigeria Leads Africa In Stablecoin Adoption with $22bn In Transactions

Experts Advocate Strong Partnership, Intervention Models To Accelerate Shift To Renewable Energy

FCMB Group Proposes Equity Capital Raise

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.