Business
Commission Tasks Africa On Mass Industrialisation
A mass industrialisation of the continent based on raw materials is necessary, possible and profitable, according to this year’s economic report on Africa prepared by the Economic Commission for Africa (ECA) launched recently.
“The experience of countries rich in resources shows that industrialisation based on raw materials is possible, in spite of the criticisms,” adding that it would not be more difficult than any other industrialisation mode”.
The report was launched at the sixth conference of African ministers of Finance, Economic Planning and Development holding in Abidjan.
The report with the theme: “Draw the biggest profit from African-based products: Industrialisation in service of growth, employment and economic transformation”, stressed the need to create added value in the African industrial process..
“It is through the creation of added value and establishment of relations between sectors that industrialisation will create jobs, revenue, fiscal and non-fiscal profits, such as the diversification of technology capacity and the improvement of industrial structure.
According to the report, progress has been made in upstream and downstream sectors of basic industrial, agricultural and energy products sectors in several African countries.
Ethiopia, Nigeria, South Africa and Egypt are good examples of countries which know how to exploit their basic industrial products, the report stated.
The transformation of primary raw materials paves the way for perspectives in the creation of added value and industrialisation based on basic products in Africa, the ECA report added.
“The food-processing industry is one of the most advanced manufacturer in Africa. Most countries have food-processing industry, with variations.”
The report recommended wide-ranging interventions and high density of resources to extend and modernise the agricultural production
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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