By ANDREW MUKOMATHE Economic Commission for Africa (ECA) has encouraged Southern African Development Community (SADC) member states to pursue industrialisation as key to overall economic advancement and the improvement of the living conditions of citizens.Ms Eunice Kamwendo, Director, Economic Commission for Africa (ECA) Sub- regional Office for Southern Africa (SRO-SA) has observed that historically, achieving higher economic growth, high levels of incomes and ultimate improvement of economic conditions including reduced unemployment and poverty, has been associated with the expansion of the manufacturing sector.Ms Kamwendo has said that developing countries that have been able to transition from low income to upper middle- and high-income status, particularly in Asia, have relied on the manufacturing sector, supported by an export-oriented strategic focus as the main source and engine of growth.She said similarly, economic development in Africa, especially in the COVID-19 recovery period, hinges on the promotion of change that transforms the regional productive structure from low-value commodities to […]
ECA ENCOURAGES SADC MEMBER STATES TO PURSUE INDUSTRIALIZATION
