Embrace Value Addition to Power Industrialisation, President Ruto tells The Common Market for Eastern and Southern Africa (COMESA)

Embrace Value Addition to Power Industrialisation, President Ruto tells The Common Market for Eastern and Southern Africa (COMESA)

The Common Market for Eastern and Southern Africa (COMESA) member countries must change tact in their approach to trade.

President William Ruto said the bloc must embrace a systemic shift to exploit its untapped potential.

He said it is time COMESA espoused value addition, especially of agricultural commodities, to enhance productivity.

“The shift will also offer higher returns, incentivise industrialisation, boost our competitiveness and create employment,” he said.

President Ruto was addressing the 22nd COMESA Summit of Heads of State and Government in Lusaka, Zambia, on Thursday.

Present were Presidents Abdel Fattah El-Sisi (Egypt), Hakainde Hichilema (Zambia), Lazarus Chakwera (Malawi), Évariste Ndayishimiye (Burundi), COMESA Secretary General Chileshe Kapwepwe, among others.

He urged Africa to move away from primary production and exports of raw materials to manufacturing.

“The potential for intra-COMESA trade is colossal; the demand for value-added products is bound to keep growing well into the future,” he explained.

He asked COMESA member States to take advantage of its 580 million market demand to enhance trade.

The Head of State noted that Africa must utilise its rich, clean energy to advance its industrial development.

“We are championing for the radical repositioning of Africa as the clean, green continent of the future in order to exploit the opportunities arising from the