Many African countries have made positive efforts to eliminate poverty and build independent national economy in recent years.
Recently, a motorcycle company was inaugurated in Uganda with the annual production capacity of 6 000 units.
President Museveni visited the company headquarters and gave an instruction to the government agencies to ban the import of motorcycles. He said a movement should be launched to buy domestic products to protect home industries and develop its own manufacturing sector in order to develop the country’s economy into an independent one.
In the past Uganda reportedly imported 10 000 motorcycles and their parts every year, which cost 13 million dollars.
It also pays attention to the domestic production of bus and various other products which were imported in the past as well as motorcycles.
Nigeria plans to diversify the economy and reform the unbalanced economic structure by rebuilding the national economy by relying on mining and energy sectors.
President Buhari attended the 56th annual international meeting on the mining and earth sciences held in Ibadan of Oyo Province and instructed the state economic management officials to work out a plan for promoting the development of the economy and infrastructure of the country.
No other people than Nigerians can make Nigeria a prospering country, he said, adding they should break the bottlenecks and difficulties they are facing by enhancing assistance and cooperation with special science sectors, related institutions and provincial governments.
Projects are now being undertaken in the electric power industry sector of the country to reduce dependence on coal and increase the solar and wind-driven power generating capacity.
Rich in oil and gas deposits, Nigeria works hard to markedly decrease carbon dioxide emissions by diversifying the oil and gas industry structure and to stabilize and improve the people’s standards of living.
Sierra Leone is also stepping up the reform of the economic structure of its mineral sector.
In 2019 it conducted a high-resolution and low-altitude aerogeophysical survey of the whole territory to explore new potential mineral deposits. In the course of it large quantities of mineral resources have newly been prospected and lots of jobs created.
Mineral output has increased, people have mostly been evacuated from slum districts of urban areas and the construction of new flats for 20 000 families, service facilities, schools, hospitals and other infrastructure is well under way in Namibia.
Zambia, Angola, the Democratic Republic of Congo and many other African countries are strengthening their economic power by developing self-supporting economy.