Development, economic and government officials disclosed this at an Afreximbank public policy meeting on reviving economies on the continent in Seychelles.
Private investors and public sector officials met with multilateral institutions on the continent to develop a new policy they dubbed Blue Economy, a sea-based economic strategy.
The experts who met on the Indian Ocean Island focused on ushering in an era of economic growth devoid of countries dependence on mono-products or export of raw commodities.
Also, the groundwork was laid for mega ship-building industries, establishment of industrial parks and financing of SMEs in aquaculture fishery technologies.
Global economic experts also advised officials on the benefits of sea-based intra-African trade and job creation opportunities in the development of oceans, rivers and other bodies of water on the continent.
The conclusion at the meeting was that Africa should no longer be a victim of globalisation.
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