IDC reaffirms commitment to boosting Africa’s industrial development


Chairperson of the Industrial Development Corporation (IDC) Gloria Serobe has emphasised that the state-owned development funder remains committed to accelerating industrialisation across the African continent.

She emphasised that driving structural transformation from primary production to value-added manufacturing is an important element of the IDC’s continental strategy.

Serobe was addressing the G20 Chief Executive’s working dinner hosted by Investec and sponsored by the Industrial Development Corporation in Sandton.

“We aim to build competitive regional value chains in sectors such as energy, agro processing, automotives and green technologies. Creating jobs, driving innovation and ensuring Africa’s voice is strong in global markets, we believe that Africa’s prosperity will be driven by innovation between governments, business leaders and development institutions.”

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