Empowering Growth: Capacity Building for African Manufacturers is a focus area for the upcoming Manufacturing Indaba Conference
FOR IMMEDIATE RELEASE
Johannesburg, 19 September 2023 – African manufacturers are coming together to embrace a new era of empowerment and growth through comprehensive capacity building initiatives. Recognising the immense potential of the manufacturing sector to drive economic development across the continent, these efforts are aimed at equipping African manufacturers with the knowledge, skills and resources needed to flourish in an increasingly competitive global landscape.
African nations have identified the need for robust capacity-building programmes to enhance the capabilities of manufacturers, improve product quality, and foster innovation. By investing in the development of their manufacturing sectors, African countries aim to not only meet domestic demands but also position themselves as competitive players in the international market.
Key components that make up Capacity Building for African Manufacturers include:
Training and Skill Development: Comprehensive training programmes designed to equip manufacturing professionals with up-to-date knowledge, technical skills, and management expertise. This includes specialised training in areas such as supply chain management, quality control, and lean manufacturing.
Technology Adoption: Initiatives to facilitate the adoption of cutting-edge technologies, automation, and Industry 4.0 solutions within African manufacturing facilities. This includes providing access to digital tools and fostering a culture of innovation.
Access to Finance: Partnerships with financial institutions and development agencies to provide affordable financing options for manufacturers, enabling them to invest in modernisation and expansion of their manufacturing facilities.
Market Access: Efforts to connect African manufacturers with regional and global markets through trade agreements, export support, and market intelligence services. Further support can be provided through Country Economic Zones and Industrial Development Parks.
Research and Development: Investment in research and development (R&D) programmes to encourage innovation, product development and the creation of value-added goods.
Entrepreneurship Support: Support for emerging entrepreneurs and start-ups in the manufacturing sector, including mentorship programmes and access to incubators and accelerators.
This collective commitment to capacity building for African manufacturers is driven by the understanding that a thriving manufacturing sector can significantly contribute to job creation, poverty reduction, and economic stability across the continent.
Ms Liz Hart, Managing Director of the Manufacturing Indaba emphasised the importance of this initiative, stating, “Capacity building is not just about improving individual skills; it’s about empowering entire industries and nations. By investing in our manufacturers, we are investing in a brighter future for Africa.”
The upcoming Manufacturing Indaba conference will feature a focused discussion relating to this important discussion point, hosted by industry experts. Their insights will focus on these capacity-building efforts to align with the broader vision of African nations to transform their manufacturing sectors into vibrant, competitive, and sustainable engines of economic growth.