AfDB, MIAF collaborate to tackle Africa’s infrastructure challenges
The African Development Bank (AfDB) first VP and COO Emmanuel Mbi, and Made in Africa Foundation (MIAF) CEO Chris Cleverly have signed a key memorandum of understanding (MoU) to tackle Africa’s infrastructure deficit and unlock its economic potential.
The organisations recognised that dealing with the continent’s severe infrastructure backlog would increase its economic efficiencies and competitiveness, while accelerating its integration into the global economy to improve the living standards of all its citizens.
In this regard, the AfDB and MIAF agreed to further their cooperative relationship to foster the marketing, funding and development of public and private sector initiatives towards infrastructure projects and ensure the sustainable and permanent growth of Africa's economy.
"As African countries expand, they are confronted with the limited availability of energy, high transport costs and limited connectivity.
"Sound infrastructure helps to drive structural transformation because it reduces the cost of doing business and enables markets to function. That is why the AfDB puts so much emphasis on infrastructure,” AfDB president Donald Kaberuka said.
MIAF cofounder Ozwald Boateng emphasised the need to close Africa's infrastructure gap and permanently alter the path of its development.
"This is Africa's century to build pathways of excellence across borders and among people," he affirmed, stressing that "the tools are at our disposal and there is no time for delay."
Fellow MIAF cofounder Kola Aluko added, "When 13 countries on the continent still lack a functioning railway system and 40% of our population doesn’t have adequate access to electricity, there is need to cooperate with our premier financial development institution."
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation