Uganda’s Minister of Gender Labour and Social Development, Amongi Betty Akena has called on Africa Group to prioritise growth of the informal sector if the continent is to close the gaps in inequality.
Speaking in her Capacity as the Chairperson of The Africa Union STC committee at the Global World of Work Summit in Geneva, Amongi stressed that it is not governments that grow the economy, but rather, it is labour, capital and other factors of production which fuel the path of growth.
“Private sectors should therefore be facilitated by government with good policies that allows them to formalise their businesses,” said Amongi in Geneva Switzerland.
Flanked by Kenya’s President William Ruto and the Barbados Prime Minister, Amongi called on developed economies and international financing institutions to provide long-term capital financing to support the government for social services like education, health, water, and empowerment of the vulnerable groups.
“The world should encourage balanced growth, fair trade, and inclusive development through social spending targeting the LDC countries if we are to achieve Shared Prosperity,” Amongi noted.
She called on Africa countries to build a coalition of the willing to fight the battle of African economic unity by facilitating frameworks to stimulate trade within the continent.