President Yoweri Museveni has advised African nations to focus on quality production of goods if they want to gain more from trading.
Museveni gave the advice during the Africa Now Summit currently at Speke Resort Munyonyo.
President Museveni who gave a key note speech on the “Leadership needed to catalyse Africa’s Transformation’ said Africa has still not transformed due to poor economic policies, poor ideological orientation in addition to other bottlenecks
President Museveni said that as long as African Producers are still producing double production which focuses more on quantity than quality, Africa will continue to get minimal benefits from their exports and produces hence no growth/ transformation would be achieved
” Africa’s transformation requires a qualitative leap not just quantities. We must focus on adding value. Currently we are only getting 10% of the total values from our products because we are not adding quality ” he said
The President also talked about emphasis on Education, Privatisation, enabling infrastructure like affordable electricity, transport infrastructure, extended market integration among other issues as catalysts for quick transformation for Africa.
Speaking at the same event, the United Bank of Africa Chairman, Tony Elumelu called upon African leaders to focus on Inclusive growth for all if real transformation is going to be realised
“What Africa needs are leaders that value and care about each and every citizen, leaders that put in place enabling environment for inclusive growth and not just a few privileged individuals” he said
Elumelu also urged leaders to focus on the young people as they consist of the largest population for Africa and if not well prepared, they might be becoming Africa’s next catastrophe.
According to Robert Mwesigwa, The board Chairman Africa Now, a new think tank for Africa said there is need to focus, this year’s Summit held under the theme ‘Towards an Integrated and Growing Africa’ is a platform for leaders, policy makers and implementers, private sector and the youth to discuss, share ideas and ways through which Africa can be pushed forward
Summit is being attended by heads of states including the President of Somalia Muhamed Abdullahi Muhamed , Kenyan Vice President William Ruto, Tanzania’s Vice president Samia Hassan Suluhu among others, government officials , Youths and Women leaders from different African states, Civil Society and development partners