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At a pan-African forum that concluded on Saturday 18^th November 2023, experts stated that a balanced approach balancing technological innovation with human capital development is necessary for Africa to achieve sustainable industrial development.

Researchers stressed the critical role of integrating technological innovation and human capital development for economic progress on the continent at the 2023 African Economic Conference in Addis Ababa, with the theme “Imperatives for Sustainable Industrial Development in Africa,” according to a statement released by the UN Economic Commission for Africa (UNECA) on Friday 17^th November 2023

During the three days of the meeting, experts presented the findings from their research. Implementing policies that support technological innovation and human capital development is essential for sustainable industrial growth in Africa, according to a paper titled “Enhancing Industrial Productivity and Competitiveness in Africa: A focus on Technological Innovation and Human Capital Development.”

The study uncovered complex relationships between technological innovation, human capital development, industrial productivity, and competitiveness throughout the continent by analyzing data from 32 African countries between 1996 and 2021.

In order to facilitate the introduction of cutting-edge technologies to regional industries, it underlined the importance of cooperative efforts to build technology transfer partnerships with developed countries and multinational corporations.

In 2023, policymakers, experts, the private sector, researchers, and youth have gathered in Addis Ababa for the African Economic Conference, which is being hosted by the UN Development Program, UNECA, and the African Development Bank.

The conference provides a forum for discussion on the opportunities and problems associated with industrialization in Africa.