NEPAD Business Foundation Signs MoU With SADC

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At a recent joint conference held in October, the NEPAD Business Foundation (NBF) signed a Memorandum of Understanding with the SADC Public-Private Partnership Network (SADC3P). At the event, the NBF and SADC3P presented a number of viable infrastructure projects within Southern Africa to private sector delegates present.

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With an ever-expanding population and a global appetite for investing in emerging markets, there is an urgency to address Africa’s infrastructure deficit with swift execution of projects. Estimates state that the continent’s infrastructure gap will require an annual US$39 billion injection over a period of a decade to boost supply and secure a strong economy for the region. ? Because of Africa’s unique socio-economic landscape and politics, individual efforts by both private and public sectors in project implementation have formed stumbling blocks to each other. Public Private Partnerships in Africa have to be tailored on a case by case basis in order to increase the success of projects taking off. ? According to the MoU signed last week, the NBF and SADC3P will pool together resources and expertise to find market-ready infrastructure projects, assist private sector partners to source funds earmarked for infrastructure development and to work with government to expedite the implementation of projects in Southern Africa. ? Together, the NBF and SADC3P have lined up over 30 projects in the pipeline – some with recent feasibility studies completed, and these projects will be presented to private sector partners over the course of 2014. ? Speaking at the event, CEO of the NEPAD Business Foundation Ms Lynette Chen said, “There is growing need for creating synergies and linkages amongst organisations with similar goals, this will increase efficiency and eradicate the duplication of tasks in the same space. The NBF & SADC3P will leverage off each other’s competencies to succeed in accelerating the execution of identified infrastructure projects. ” ? The NBF envisions Africa integrating port, rail, road and pipeline infrastructure to boost intra-African and international trade and is implementing a strategy that brings the private and the public sector together to create innovative partnerships to tackle projects. With vast experience on the continent and political capital, the NBF is a catalyst for infrastructure development in the region. ? Mr Kogan Pillay, Head of the SADC3P Network said that, “The time for talk shops is over, we are now working on the implementation of infrastructure projects which will benefit businesses, people and the governments that serve them.” ? Among the projects presented were the following:

  • Driver Education and Testing Centre in Mauritius
  • Consolidation of regional telecommunications infrastructure in SADC
  • Dar Es Salaam port development in Tanzania
  • Artificial recharge of Windhoek Aquifer in Namibia
  • Trans-Kalahari railway between Botswana and Namibia
  • North West rail project – phase 2, the Kalumbila Mine to the Jimbe Zambia/Angola border post

The NEPAD Business Foundation remains committed to its vision for Africa to be a global economic powerhouse that utilises its resources to achieve sustainable livelihoods for its people.

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