Zuma
Jacob Zuma

South African President Jacob Zuma on Thursday stressed the importance of infrastructure development which he said is a catalyst for economic development on the African continent.

Zuma
Jacob Zuma
Many of the regional economic communities have developed regional infrastructure plans to facilitate regional trade and investments, however, it is important to also invest in national infrastructure, in addition to regional infrastructure, Zuma said prior to the 33rd New Partnership for Africa’s Development (NEPAD) Heads of State and Government Orientation Committee (HSGOC), scheduled for June 13 in Johannesburg.

Zuma chairs the S.A. Presidential Infrastructure Championing Initiative (PICI) which reports to the HSGOC. The PICI aims to facilitate continuous dialogue and work to boost infrastructure development.

The initiative has served to link African Heads of State and Government to specific infrastructure corridors to ensure strategic political leadership in the championing of cross-border infrastructure projects.
Infrastructure projects, Zuma said, should ultimately unlock the economic potential of the continent and provide development opportunities for communities, cities and regions.

“Infrastructure investment spending has quadrupled, exports have increased and Africa is receiving a growing share of foreign direct investment,” Zuma noted.

These positive trends come on the back of improved governance and a much sounder approach to macroeconomic management in the continent, Zuma said in remarks distributed by the Presidency.

Infrastructure development is one of South Africa’s key job drivers together with tourism, manufacturing, mining and beneficiation, the green and blue economies and agriculture.

South Africa has been championing the North-South Corridor, a multimodal and multidimensional infrastructure corridor that includes road, rail, border posts, bridges, ports, energy and other related infrastructure. The corridor passes through 12 countries ? Tanzania, Congo, Malawi, Zimbabwe, South Africa, Zambia, Botswana, Mozambique, Kenya, Ethiopia, Sudan and Egypt. Enditem

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