Deputy President Cyril Ramaphosa
Photo by: Duane Daws
Deputy President Cyril Ramaphosa has mooted investments in the infrastructure and ICT sectors in South Africa and Africa.
Ramaphosa was wooing potential investors at the World Economic Forum on Africa (WEF Africa) in Kigali in Rwanda.
In a session on how innovative partnerships can bridge financing gaps for economic and social infrastructure, Ramaphosa said that “infrastructure has been a key economic driver in South Africa and in the region”.
He said in South Africa, the coordination of infrastructure development through the Presidential Infrastructure Coordinating Commission had “paid great dividends”.
“Investment in infrastructure has stimulated economic activity; therefore there are returns to be made for investors in infrastructure in South Africa and Africa," said Ramaphosa.
"Infrastructure is better done when approached at a regional level, because our countries are inter-linked through the movement of people and trade.”
Ramaphosa added that South Africa had found innovative ways of partnering with the private sector, especially in energy, and that this had opened new opportunities for private sector investment.
He also encouraged investment in connectivity through technology and digital solutions and said this should be a priority for African economies.