2 September 2018

ECA to Cohost Country-Risk Conference On Industrialization in Central Africa

Douala — - The UN Economic Commission for Africa (ECA) is partnering with COFACE, to organize the first country-risk colloquium in Central Africa on 13 September 2018 in Douala, economic capital of Cameroon on the theme: Stakes and Challenges of Industrialization in Central Africa. The Country Risk colloquium is an ideal platform for experts and policy makers to take stock of country and sector risks to help public and private sector leaders make policy decisions on development and investment.

Industrialization should play a leading role in the process of economic diversification, which is essential for sustainable development, especially at a time when the countries of Central Africa are experiencing external shocks due to fallen oil prices and other commodities that had previously been the bedrocks of their undiversified economies. Industrialization has also contributed to the development, strengthening and maintenance of favorable conditions for economic growth and development.

In Africa, the stakes and challenges of industrialization are numerous. Faced with enormous challenges in financing industrialization projects, governments and economic stakeholders in the countries of the subregion have an interest in turning to innovative sources and practices in this area. Experts from Coface and ECA, as well as high-level guests will grace the colloquium to put forth their understanding on this subject during this conference.

During the colloquium, there will be a special one-hour webinar on "Financing Industrialization in Central Africa." Register and participate in the webinar via this link: http://bit.ly/eca-coface-webinar.

Insights from the debates, as well as from experienced Government representatives and private sector leaders in the subregion will be helpful for both States and the private sector leaders in their demarche to invigorate policies and projects on the industrialization of their economies.

Salient points raised during this webinar will also inform debates among policy makers from ECCAS countries that will attend the 34th session of ECA's Intergovernmental Committee of Experts for Central Africa, slated for N'Djamena, in Chad, from 18 to 21 September 2018. Ideas from the exchange in Douala could therefore feed the propositions to their ministers for action.

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