Africa boasts of various resources yet it faces massive socio-economic problems to an extent that calls for the industrialisation of continents is being considered to be the real solution to problems affecting the continent.
Experts therefore contend that it is high time value addition systems are implemented, a continental funding pool is set up and investments in technology are enhanced with the need to focus on specialisation of key strategic industries being important to development and growth.
Official data shows that Africa accounts for at least eight percent of the global resources making it a vibrant location for investments, while most of the resources are explored and produced in their raw form without beneficiation, a trend which is costing the continent billions of dollars in potential revenues.
Therefore concern is being raised over the need to ensure that economic integration for the continent is mainly focused towards a vibrant industrialisation policy with a local economic commentator Mr Luxon Zembe saying it is now high time value addition becomes the key elementary focus of all African economies.
Taking into account different economic growth levels which have seen some countries forging ahead with others lagging behind, an economic analyst Mr Bernard Kasekete says the allocation of roles to African states based on their potential to produce and process or manufacture will in the future yield positive results.
With capital being the key challenge that has seen most African economies failing to industrialise despite boasting of huge resources, an economist Professor Albert Makochekanwa says the mobilisation of capital for beneficiation will also unlock value to the resources.
Africa has therefore a lot of work to do in terms of fulfilling the aims of economic integration to such an extent that unity among members in terms of socio economic policy implementation will in the future provide the basis for the continent to achieve stability, growth, development and sustain requirements of industry and commerce.