{"id":24232,"date":"2023-11-19T11:07:17","date_gmt":"2023-11-19T11:07:17","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist"},"modified":"2023-11-19T12:27:49","modified_gmt":"2023-11-19T12:27:49","slug":"africans-need-to-produce-consume-their-products-says-afdb-chief-economist","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist","title":{"rendered":"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist"},"content":{"rendered":"

Africa-Press – Ethiopia. <\/strong><\/span>African Development Bank\u2019s Chief Economist and Vice President, Professor Kevin Urama said it is imperative for Africa to think carefully about industrial policies to boost and build sustainable and resilient domestic production.<\/p>\n

In an exclusive interview, Professor Urama said that African countries that think differently and implement transformative policies accelerate domestic manufacturing capacity and encourage consumption of locally made products.<\/p>\n

\u201cIt is imperative for Africa and every other country to think carefully about strategic industrial policies to boost domestic production and current domestic demand not just for their own products, but also build sustainability and resilience in domestic regional value chains,\u201d the professor underlined.<\/p>\n

Currently, about 20 percent of Africa’s traded products are manufacturing and value added products, and that’s still very low, he said.<\/p>\n

\u201cWe need to increase that by investing in industrial systemic industrial and strategic policies that allow African countries to build industrial capacity more and more, but then the other side is also addressing the consumption aspect of it,\u201dthe chief economist said.<\/p>\n

Professor Uramat also stressed that Africans need to think African, produce African, and consume African to encourage indigenous industrial development in Africa.<\/p>\n

\u201cAfricans need to be able to consume African products, because even if we increase industrial production, and Africans prefer in terms of their economic preferences and demand, and prefer other products, then those products will not find markets,\u201dhe elaborated.<\/p>\n

Moreover, he stressed that import substitution and value addition is pivotal for accelerating industry in Africa.<\/p>\n

Import substitution comes from several ways and one you have to be able to improve the manufacturing and value addition in your own country is, because if you don’t produce what you need, you will import them in order to consume them.<\/p>\n

“The more industrial capacity will build and improve our manufacturing value added. We will then be able to have products that we can trade on that are more manufacturing of much value products,” the chief economist elaborated.<\/p>\n

Speaking on Ethiopia’s commitment in wheat production, Professor Urama said that this is an area where a tool Ethiopia is actually leading its peers in terms of having moved its production significantly in the past few years.<\/p>\n

\u201cThe AfDB’s Technologies for African Agricultural Transformation (TAAT) programme has been central in supporting, working together with the government and the people of Ethiopia to create this phenomenal success, where over a few years Ethiopia has become self-sufficient in wheat and it is now looking forward to exporting,” Professor Uramat recalled.<\/p>\n

This is actually an example that we are using as a case study for several other countries, the chief economist said, adding \u201cwe can roll out the same experience of what Ethiopia has been able to achieve.\u201d<\/p>\n

Professor Urama commended the government of Ethiopia for its vision and leadership and consistency in focusing on making agro allied industrialization effort in Ethiopia.<\/p>\n

For More News And Analysis About Ethiopia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ethiopia. African Development Bank\u2019s Chief Economist and Vice President, Professor Kevin Urama said it is imperative for Africa to think carefully about industrial policies to boost and build sustainable and resilient domestic production. In an exclusive interview, Professor Urama said that African countries that think differently and implement transformative policies accelerate domestic manufacturing […]<\/p>\n","protected":false},"author":84,"featured_media":24231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,277,235],"class_list":["post-24232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"\nAfricans Need to Produce, Consume their Products, Says AfDB Chief Economist - Ethiopia<\/title>\n<meta name=\"description\" content=\"African Development Bank\u2019s Chief Economist and Vice President, Professor Kevin Urama said it is imperative for Africa to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist\" \/>\n<meta property=\"og:description\" content=\"African Development Bank\u2019s Chief Economist and Vice President, Professor Kevin Urama said it is imperative for Africa to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist\" \/>\n<meta property=\"og:site_name\" content=\"Ethiopia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-19T11:07:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-19T12:27:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"642\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist\",\"datePublished\":\"2023-11-19T11:07:17+00:00\",\"dateModified\":\"2023-11-19T12:27:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist\"},\"wordCount\":501,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ethiopia\",\"ethiopia\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist\",\"name\":\"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist - Ethiopia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg\",\"datePublished\":\"2023-11-19T11:07:17+00:00\",\"dateModified\":\"2023-11-19T12:27:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"African Development Bank\u2019s Chief Economist and Vice President, Professor Kevin Urama said it is imperative for Africa to ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg\",\"width\":1000,\"height\":642,\"caption\":\"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/ethiopia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/\",\"name\":\"Ethiopia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/ethiopia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist - Ethiopia","description":"African Development Bank\u2019s Chief Economist and Vice President, Professor Kevin Urama said it is imperative for Africa to ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist","og_locale":"en_US","og_type":"article","og_title":"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist","og_description":"African Development Bank\u2019s Chief Economist and Vice President, Professor Kevin Urama said it is imperative for Africa to ...","og_url":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist","og_site_name":"Ethiopia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-11-19T11:07:17+00:00","article_modified_time":"2023-11-19T12:27:49+00:00","og_image":[{"width":1000,"height":642,"url":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist","datePublished":"2023-11-19T11:07:17+00:00","dateModified":"2023-11-19T12:27:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist"},"wordCount":501,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg","keywords":["Africa Press","Africa Press-Ethiopia","ethiopia"],"articleSection":["all news","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist","url":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist","name":"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist - Ethiopia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg","datePublished":"2023-11-19T11:07:17+00:00","dateModified":"2023-11-19T12:27:49+00:00","author":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"African Development Bank\u2019s Chief Economist and Vice President, Professor Kevin Urama said it is imperative for Africa to ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#primaryimage","url":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg","contentUrl":"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/11\/sm_1700380467.594252.jpg","width":1000,"height":642,"caption":"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/africans-need-to-produce-consume-their-products-says-afdb-chief-economist#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/ethiopia\/"},{"@type":"ListItem","position":2,"name":"Africans Need to Produce, Consume their Products, Says AfDB Chief Economist"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/ethiopia\/#website","url":"https:\/\/www.africa-press.net\/ethiopia\/","name":"Ethiopia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/ethiopia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/posts\/24232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/comments?post=24232"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/posts\/24232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/media\/24231"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/media?parent=24232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/categories?post=24232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/ethiopia\/wp-json\/wp\/v2\/tags?post=24232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}