“So that the world respects Africa…” - Part 2

OUR support has Ethiopia help he reach self-sufficiency In wheat In four years, turning he In A wheat export nation. HAS reproduce global success, THE African Development Bank help organize THE Food Africa summit In January, which attracted 34 heads of State And government.

Leaders did more that talk, they engaged has conduct self-sufficiency And food sovereignty In five years. I am thrilled has report that worldwide, We were able has mobilize $72 billion has help Africa reach these targets.

But even as We TO DO This, We must TO DO more that simply produce more food And agricultural goods. Take For example, that Africa which accounts For 65 by hundred of THE production of cocoa, receives only 2 by hundred of THE $120 billion global value For chocolates.

While African Farmers languish In poverty, chocolate processors smile all THE path has THE bank. A East sentenced has shortage And THE other creates wealth. THE even can be said of cotton, tea, coffee, cashew, And other raw basic products that Africa exports has A significant loss In income And jobs.

To leave Me be very clear on two problems on this: The export of raw basic products East THE door has poverty.The export of added value some products East THE Highway has wealth.

HAS earn respect, Africa must turn himself In A global central In food And agriculture. That East Why THE Bank And It is the partners to have provided $1.6 billion For THE development of Special Agro-Industrial Treatment Areas has support private sector treatment And value addition has basic products In 25 areas through 15 country.

OUR newly spear $3 billion Alliance For Special Agro-Industrial Treatment Areas will support THE development of these areas In 11 more country.

Africa must turn THE sweat of It is Farmers In wealthAfrica will earn respect When he takes advantage of It is vast natural resources has develop It is savings And has transform THE lives of THE people.What applies has agriculture Also applies has Africa the minerals, oil, gas And metals, such as copper, cobalt, manganese, graphite And lithium. Africa accounts For 70 by hundred of THE global reserves of platinum, 52 by hundred of cobalt And 48 by hundred of manganese. Democratic Republic of Congo alone accounts For 70 by hundred global supplies of cobalt.

However, China accounts For A high percentage of refining of THE strategic minerals: cobalt (73 by hundred), nickel (68 by hundred), lithium (59 by hundred) And copper (40 by hundred).

As THE world transitions In renewable energy sources, Africa has THE the biggest sources of solar resources potential In THE world. THE renewable energy revolution will depend on these critical metals For THE manufacturing of wind turbines, solar Signs, battery energy storage systems And electric vehicles.

There will be SO a lot money has do, as THE size of electric Vehicles walk East estimated has increase Since $7 thousand billion Currently has $57 thousand billion by 2050, with projections showing A 500 by hundred increase In request For cobalt, graphite And lithium In THE following two years. Africa must strategically position himself In This new industry dynamic.

A study by Bloomberg NAVE noted that manufacturing lithium ion precursor batteries In THE Democratic Republic of Congo, will be three times less Dear that In THE WE, Poland, And China. Africa should SO, not simply be A exporter critical minerals. Instead, Africa must develop It is value Chains In order has process, add value And become GOOD integrated In global provide channels.

While geopolitics problems And interests to drive international commitments on critical metals, Africa should strategically position himself has build It is own industrial manufacturing abilities with Infrastructure, SKILLS, awareness And SKILLS, And investment partnerships.

Africa Green metals must become Africa Green wealth.Africa will earn respect When he becomes A important player In global manufacturing.

Today, Africa accounts For just 3 by hundred of global manufacturing. Industrialize East THE the fastest path has wealth. And here, once Again, permit Me has to focus on Nigeria especially. Nigeria must release A industrial revolution on This continent. THE day Nigeria wakes up up And becomes A lion king, All will change For It is people And For Africa.

Malaysia And Vietnam to have used aggressive horizontal And vertical diversification of industrial production has move Since low value has high value walk some products. THE result East reflected In THE comparative wealth of both countries And Nigeria. While THE by head export value For Malaysia East $7,100, And $3,600 For Vietnam, he East only $160 For Nigeria.

Malaysia And Vietnam to have long moved In global manufacturing growth. They are create massive wealth And jobs For themselves. Nigeria, in the meantime, has stayed In survival fashion.

Unfortunately, Nigeria East always unable has replace It is imports of oil produce...