What is the African Commodity Strategy ?

By 2063, Africa is expected to show improved standards of living; transformed, inclusive and sustained economies; increased levels of regional and continental integration; a population of empowered women and youth and a society in which children are cared for and protected; societies that are peaceful, demonstrate good democratic values and practice good governance principles and which preserve and enhance Africa’s cultural identity.

What is the aim ?

The objectives of the strategy are to find strategic measures to address price volatility and to use Africa’s wealth of natural resources and absolute advantage in the commodities market to ensure that Africa’s commodities are used for its industrialisation. A draft strategy was developed in 2016, which focuses on energy, agriculture and crosscutting strategies dealing with mining and industrialisation.