Business
Africa’s Time to Industrialise
Dr. Farzam Kalambadi, President of Future Trends Investments Group (USA), has urged African countries to add value to their raw materials instead of exporting them in raw form.
Speaking to the media upon arrival at Robert Gabriel Mugabe International Airport, Dr. Kalambadi said he is in Zimbabwe to attend the African Economic Summit 2025, which will be held in Harare from 4 to 5 November.
“African countries must be able to add value to their resources. About 75 percent of the resources used in developed countries come from Africa.
We are glad that African leaders are now enacting laws that protect their raw materials, this is a step in the right direction,” he said.
Also addressing the media, Dr. Alison Chiwara, Managing Director of the African Economic Forum, said this year’s first-ever summit runs under the theme : Unlocking Africa’s Geoeconomic Power: Trade, Technology & Transformation.
“This summit will unlock various investment opportunities for Africa,” Dr. Chiwara said.
“We want to move away from the issue of unemployment ,because every African can become an entrepreneur rather than waiting to be employed.
There are many positive developments we will share at the summit.”
The African Economic Summit 2025 is expected to bring together regional leaders, investors, and innovators to explore ways of industrialising Africa and promoting sustainable economic growth.