Southern African Development Community to Hold Infrastructure Summit

Southern Africa Infrastructure Summit
Africa need billions in new infrastructure

AFRICANGLOBE – The Southern African Development Community (SADC) will hold an Infrastructure Investment Summit in Maputo, Mozambique on Thursday.

The summit is seen as highly important for the SADC as it seeks to accelerate its industrial and trade capacity through substantial infrastructure investment in order to expand economic growth and employment creation.

The summit will be attended by representatives from the business and financial communities, as well as by the heads of state of Angola, Mozambique, Malawi and South Africa and the chairperson of the African Union Commission.

South African President Jacob Zuma will participate in a high-level round table session on Thursday, during which he will focus on the North-South Corridor in his capacity as Champion of the AU-Nepad Presidential Infrastructure Championship Initiative.

“The main objective of the summit is to present the SADC regional infrastructure master plan and its short-term action plan to a range of potential investors, funders of infrastructure and key international cooperating partners,” the Department of International Relations and Cooperation said in a statement on Tuesday.

The summit, themed “Accelerating investment in SADC infrastructure through sustainable and innovative financing”, will also be used to facilitate direct consultations between potential investors and national project promoters.

The SADC regional infrastructure master plan and short-term action plan focus on energy, water, transport, ICT/communications, tourism and meteorology.

The department said a range of projects are identified in the short-term phase (2013-2017), which will be prioritised for implementation.