PhD Student in International Relations, Mr Clayton Hazvinei Vhumbunu, presented an overview of his research findings at the China-Africa Co-operation on Production Capacity and Industrialisation conference in Beijing.
The outcome of the forum was an exchange of ideas and research findings on China and Africa’s industrialisation and development experiences, and proposed thoughts and insights to further China-Africa Co-operation.
The Conference was attended by academics and researchers from think tanks and universities in China, Cameroon, the Democratic Republic of Congo (DRC), Egypt, Ethiopia, Ghana, Kenya, Liberia, Malawi, Namibia, Sierra Leone, Nigeria, South Africa, South Sudan, Tanzania, Uganda, Zambia, and Zimbabwe.
Vhumbunu’s address was titled: “Unlocking Greater Value from the China-Africa Productivity Capacity and Industrialisation Co-operation through Investment Policy Reforms in Africa: Potential and Challenges”.
He argued that the agreement reached at the forum was a game changer and an opportunity for African ‘industrialisation renaissance’.
‘African countries need to strategically review and adjust their investment regimes in such a way that ensures high-end industrial value addition, transfer of sophisticated technology, compliance with local content requirements, and optimal exploitation of their respective comparative and competitive advantages.’
Vhumbunu said that just like in any commercial partnership the benefits to be accrued by African countries would be determined by how they defined, structured, promoted and protected their economic interests.
‘The Conference was a unique opportunity for continuous learning and network expansion. It gave me exposure as we also managed to participate at the 2nd Investing in Africa Forum in Guangzhou, and also went on study tours to Chinese high-tech firms in Beijing and Shanghai,’ he said.
Vhumbunu thanked the Public Governance discipline and his supervisor, Dr Joseph Rukema, for support, encouragement and inspiration.