Business updates

The SADC Heads of State and Government adopted the SADC Industrialization Strategy and Roadmap 2015-2063 at its Extra-Ordinary Summit, held on 29 April 2015, in Harare, Zimbabwe. The Summit also directed the SADC Secretariat was also directed by the Summit to develop a detailed and costed Action Plan for the implementation of the Strategy, and design and develop an appropriate institutional framework to implement the Strategy.

Following these decisions, it was decided that a Costed Action Plan be elaborated that should have a specific focus on the first fifteen years (2015-2030). An inclusive long-term modernization and economic transformation approach was taken into consideration while developing the Industrialization Strategy.

The Action Plan is anchored on three interdependent and mutually supportive strategic pillars – industrialization as champion of economic transformation; enhancing competitiveness; and deeper regional integration. The Strategy sets out three potential growth paths – agro-processing; mineral beneficiation and downstream processing and industry-and service-driven value chains. The paths are mutually supporting and inclusive, encompassing the combination of downstream value addition and backward integration of the upstream provision of inputs, intermediate items and capital goods.

Read full article here.

The full Action Plan can be accessed here.

(Source: Tralac)