The Speaker of Parliament Rt Hon Jacob Marksons Oboth has urged Members of Parliament to push for value addition over the export of raw materials.
Speaker Oboth observed that the African continent cannot secure true economic sovereignty while processing, manufacturing and profits accumulate elsewhere.
Rt Hon Oboth made the call yesterday Nov 10th while opening the Commonwealth Parliamentary Association (CPA) Africa Region Capacity Development Seminar at the Imperial Botanical Beach Hotel in Entebbe, running from November 10th to November 13th, 2026.
The seminar is being held under the theme, ‘From Extraction to Transformation: Parliamentary Leadership in Securing Africa’s Resource Wealth for Sustainable Development’.
“The tragedy of Africa is not the absence of wealth; it’s our failure to transform that wealth into prosperity for our people. Extract and export raw materials while processing, manufacturing, employment, and profits largely accumulate elsewhere,” Speaker Oboth said.
The Speaker called on all Parliamentarians to scrutinise extraction contracts, enforce local content laws and close loopholes that facilitate illicit financial flows.
Courtesy of the speaker of parliament.
The Commonwealth Parliamentary Association (CPA) Africa Region Capacity Development Seminar focused on prioritization of wealth creation through value addition, economic sovereignty, and ensuring that natural resources directly benefit local citizens rather than exporting raw materials.
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