President Dr Julius Maada Bio of Sierra Leone has called on African nations to rethink their development strategies, prioritizing local production and innovation over exporting raw materials and importing finished goods. Speaking at the Elevate Africa Convening 2026 in Accra, Ghana, President Bio emphasized that political independence must be matched by economic self-sufficiency. He stressed that Africa's ability to shape its developmental priorities is crucial for creating job opportunities and extracting more value from its resources.
President Bio highlighted that Africa faces a critical juncture in global affairs, marked by shifting economic dynamics and a heightened interest in its resources. He insisted that African countries must boost their negotiating power and clearly define their interests to effectively engage with the world. While recognizing the importance of international partnerships, he stressed that Africa must enhance its ability to produce and process goods to achieve widespread prosperity.
The President emphasized the need for increased investment in industries that would process minerals and transform agricultural products rather than simply supplying raw resources to global markets. He stated that Africa's resources must create industries, jobs, and wealth for its people, making economic sovereignty a reality. This approach, he believes, will enable the continent to achieve sustainable development and reduce its reliance on external aid.
President Bio highlighted Sierra Leone's development focus, particularly the Free Quality School Education Programme launched in 2018, which aims to prioritize education and provide opportunities for all children. He also referenced the Feed Salone initiative, aimed at bolstering food security and supporting farmers. These initiatives, he stressed, are part of a broader governance principle that prioritizes national priorities reflected in public budgets and policies.
The President advocated for greater economic integration within Africa, urging that agreements should translate into practical benefits for traders and businesses. He expressed his desire to see businesses across Africa collaborate without hindrance, citing the African Continental Free Trade Area as a means to facilitate market access and commercial growth. This, he believes, will enable the continent to unlock its economic potential and create new opportunities for growth.
President Bio also emphasized the importance of peace, stability, and accountable governance in maintaining progress and achieving sustainable development. He warned against resolving political differences through violence, stressing that development is unsustainable without stability. He underlined that Africa's progress should rely on institutions rather than individual leaders, ensuring sustainable development beyond leadership transitions.
The President concluded by encouraging African leaders to consider how future generations will assess their decisions and leadership, urging a focus on long-term impacts over immediate gain. The First Lady, Fatima Bio, also spoke at the event, advocating for the empowerment of women and asserting that the continent's advancement hinges on uplifting women. President Bio's speech emphasized the need for courageous leadership, robust institutions, and a commitment to sustainable development.
Key points
- President Bio calls for economic self-sufficiency and innovation in Africa
- Africa must enhance its ability to produce and process goods to achieve widespread prosperity
- The President emphasizes the importance of peace, stability, and accountable governance in maintaining progress
