Where are the Jobs?

Moderator:  Mr. Alan Kasujja, BBC World Today

Panelists:

  • Hon. Akinwunmi Adesina, Federal Minister of Agriculture and Rural Development, Nigeria
  • Dr. Carlos Lopes, Executive Secretary, United Nations Economic Commission for Africa
  • Prof. Justin Lin, Peking University, Beijing, China
  • Mr. V. Shankar, CEO for Africa, Europe, Middle East and Americas, Standard Chartered Bank.

Rapporteur:  Dr. Charles Leyeka Lufumpa, Director, Statistics Department, African Development Bank Group

Description:

Africa’s global potential is dependent on how well it uses its window of opportunity to embark on industrialization. The point of departure is that few countries have attained a sustainable level of economic development and reduced poverty without a large and vibrant industrial sector, spearheaded by manufacturing activities – which provide economic growth, employment, and economic diversification. As a result, many African countries are still at the initial stages of gaining access to Global Value Chains (GVCs) beyond natural resource exports.

Issues for Discussion:

  1. What does Africa need to do to develop global value chains and move up the productivity ladder?
  2. Some natural resource-based sectors do not translate into jobs and employment opportunities. How can Africa ensure that its natural resources – particularly the extractive industries – serve as the entry point for the global value chains?
  3. Agro-business can also be Africa’s entry point to the global value chains. What should be the balancing act between agro-business and food insecurity in the continent?

If you look at the money they get from fishing in African waters, it is more than the money they send to Africa through development aid. This is a case of the rich versus the poor. Therefore, as leaders, we must take action.

Donald Kaberuka, AfDB President

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