ABSTRACT
This chapter reiterates the essentiality of industrialisation as a pathway to development. It summarises the key associations between industrialisation and development postulated by theory. In order to salvage the long-standing partnership between Africa and the EU, it is necessary to thoroughly assess the provisions of the co-operation agenda between these two partner groups of nations, and to align them to the new realities. Unique natural resource bases provide most African countries with important levers to achieve industrialisation. Africa's Financial Resources (FiR) capacity gaps are evidenced by many factors. They include: underdevelopment of domestic financial markets, lacking capacities to capitalise on and effectively use resources from diverse internal and external sources. Imperatively, sub-regional, regional, and pan-African and multilateral initiatives to support Africa's industrialisation, though important and useful complements to national efforts cannot be substitutes for specific country agenda.
