May 24, 2025 11:26 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'India has every right to defend itself against terrorism': Germany on Operation Sindoor | Trump administration bans Harvard University from enrolling international students | ED accuses Sonia Gandhi, Rahul Gandhi of cheating, money laundering in National Herald case | 'Russia, Ukraine will immediately start negotiations for ceasefire': Donald Trump after call with Putin | 'Jill and I have learned that we are strongest in the broken places': Joe Biden on cancer diagnosis | Rahul Gandhi targets Jaishankar over Op. Sindoor again, BJP says LoP speaking Pak language | Supreme Court orders SIT probe into Madhya Pradesh minister's remarks on Colonel Sofiya Qureshi | Bengaluru: Woman killed after wall collapses on her after heavy rainfall | Pak forces targeted Golden Temple after India conducted Operation Sindoor: Army | YouTuber Jyoti Malhotra, arrested for 'espionage', travelled to Pakistan ahead of Pahalgam attack

On Africa Industrialization Day, Ban urges financing 'engines of development' to realize continent's potential

| | Nov 21, 2016, at 05:38 am
New York, Nov 20 (Just Earth News): In his message for Africa Industrialization Day, United Nations Secretary-General has called on African countries to adopt policies that encourage growth of the private sector and foster entrepreneurship in order to advance economic competitiveness and prosperity in the continent.

This year, the Day focuses on how to raise awareness about the importance of mobilizing finance to generate inclusive and sustainable industrialization. Both the African Union's Agenda 2063 of “a prosperous Africa based on inclusive growth the sustainable development” and the 2030 Agenda and its Sustainable Development Goals (SDGs) – particularly Goal 9 – strongly support the creation of millions of new, high productivity jobs each year on the continent.

In a message on the day, Secretary-General Ban Ki-moon said: “To accomplish this, African nations need to embrace transformative policies that will encourage the growth of the private sector, facilitate entrepreneurial initiatives, increase investment and generate durable partnerships.”

“Investors need to see the benefits of financing the region's programmes, projects, businesses, and human resources,” he added

Ban underscored that in order to advance African economic competitiveness and create shared prosperity while protecting the environment, a strong and stable business environment based on good governance principles and the rule of law is necessary to support domestic and foreign investments.

He also called for greater regional integration and full integration into the global economy through fair and open trade.

“On this year's Africa Industrialization Day, let us focus on financing for the engines of development as a way of realizing the full potential of all the continent's people, especially women and youth, so they may look forward to a future of peace, dignity, and prosperity on a healthy planet,” said the Secretary-General.

In 1989, the UN General Assembly, through its resolution 44/237, proclaimed 20 November Africa Industrialization Day to mobilize the commitment of the international community to the industrialization of Africa.

 

Photo: World Bank/John Hogg

Source: www.justearthnews.com

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Close menu