Africa is regarded as the next frontier when it comes to investment and growth through industrialisation and the creation of much-needed employment, RX Africa, Africa’s leading exhibition and event organiser, says.
According to it, a new manufacturing platform will provide unprecedented opportunities and access to accelerate the industrialisation of the African continent, a statement by RX Africa, buttresses on Wednesday.
Taking place in May 2023, the Future Manufacturing Africa Trade Fair and Summit will gather local and international companies to showcase and demonstrate new technologies, machinery, and equipment to enable African industries to invest in to enable them to increase manufacturing output on their home soil.
The News Agency of Nigeria (NAN) reports that RX Africa, Africa’s leading exhibition and event organiser, works with government, stakeholders and industry experts to connect trade, consumers, investors and business and bringing together the best on the African continent.
Carol Weaving, Managing Director at RX Africa, said: “The Future Manufacturing Africa will gather hundreds of experts in manufacturing equipment, machinery, systems and services, as well as decision makers from at least 25 countries from across the continent.
“In particular, there is great interest in the following sectors to invest and grow the industries to add value to local resources before selling or exporting: agro-processing, textiles and apparel, metallic minerals, non-metallic minerals, chemicals, environmental, energy and water sustainability solutions and financial and investment services.
“Africa is regarded as the next frontier when it comes to investment and growth through industrialisation and the creation of much-needed employment.
“The continent will also vastly benefit from the experience of the veritable explosion of intelligent and smart systems we have seen in leading manufacturing countries during the last decades being used in mass production, such as AI, machine learning and optimisation”.
She said: “Experts agree that Africa needs rapid industrialisation to become more competitive globally.
“We have seen how the disrupted supply chains during the COVID-19 pandemic forced and inspired many African companies to source locally in order to meet the growing demand for goods and services.
“This has provided a much-needed momentum to take local manufacturing on the continent to the next level,’’ says Carol Weaving, Managing Director at RX Africa.
“The numbers speak for themselves and the huge opportunities are clear.
“The manufacturing growth in Africa is outpacing the global growth rate, with the business-to-business spend in manufacturing in Africa projected to reach $666,3 billion by 2030.
“That is over $200 billion more than in 2015. This growth will not only be as the result of established economies in Africa but also the emerging economies entering the manufacturing industry”.
Expectations at the FMA’s manufacturing machinery, equipment and technology hub would provide companies and consultants who are specialists in manufacturing technology and services to showcase their offerings.
They include manufacturing and warehousing technology and services, industrial machinery, equipment, components and support systems, laboratory equipment and technology and analytical instruments, and sustainable technology for the manufacturing industry.
As an in-person event in the hub of South Africa’s powerhouse and business capital of Johannesburg, Future Manufacturing Africa will have plenty of planned B2B, B2G and G2G business matchmaking meetings and networking opportunities between exhibitors and decision makers, including an invitation-only business connect programme.
There would be live and online technical workshops and demonstrations, conference sessions, as well as a finance and investment roundtable that will provide financial solutions in planning, investment and acquisition.
In addition, visitors and delegates will learn how to improve efficiencies and produce higher quality products, while experts will demonstrate proven alternative energy and water solutions to the manufacturing industry supporting environmental needs. Success stories will be shared about the creation of a circular economy through circular manufacturing to increase profits in a more sustainable way of doing business.
In the spirit of the African Continental Free Trade Area, which is the world’s largest free trade area by connecting almost 1.3bn people across 54 countries, cross-border trade of quality raw materials within the African continent will be promoted at the event to expand the economic integration of Africa.
NAN also reports that the Future Manufacturing Africa is collocated with the long-running Africa Automate Technology Fair (AATF), Africa’s most comprehensive and focused automation technology platform.
The 2023 event, https://www.futuremanufacturingafrica.africa/, holding from May 9 to May 11, 2023 at the Johannesburg Expo Centre (Nasrec), South Africa, will be the 12th edition of the event which had been running for 25 years. (NAN)