In my vision, I propose a National Commission for Industries Development (NCID) for African countries, funded by revenues from mining of metals and minerals or as decided by the government. This commission will regulate the establishment of startup industries, assess their performances and provide capital to promising industries whose products appear globally competitive
Washington State University researchers have developed an innovative way to convert plastics to ingredients for jet fuel and other valuable products, making it easier and more cost effective to reuse plastics. The researchers in their reaction were able to convert 90% of plastic to jet fuel and other valuable hydrocarbon products …
New technology converts waste plastics to jet fuel in an hour Read More »
The AU has a future goal to create policies like free trade area, a central bank, a single market, a customs union, and a common currency. This they hope will establish economic and monetary union. The current plan is to establish an African Economic Community with a single currency by 2023.
Poor urban infrastructure reduces cities’ economic prospect and competitiveness
Opportunities are much in Africa. For example, across much of sub-Saharan Africa, there are no roads, airports, rails, ports, power grids and proper IT needed to boost African economies. The growth of imports, exports, and regional business are hindered by this lack of infrastructure. Companies that can connect Africans and markets will prosper. Large investment is leading to major upgrades and expansion at African ports and airports, but much of Africas growth potential depends on roads, rail and air connections linking different countries within the continent and states within individual countries.
