Foreign

Infrastructure development mainstay for African continental free trade area: UN expert

Published

on

As the African Continental Free Trade Area (AfCFTA) Agreement set to solve Africa’s investment hurdles, there is an urgent need to address the continent’s infrastructure shortcomings, a senior official of the United Nations Economic Commission for Africa (UNECA) said on Monday.

The statement was made by Stephen Karingi, regional integration and trade division director at the UNECA, ahead of the sixth session of the Program for Infrastructure Development in Africa (PIDA) Week, which kicked off virtually on Monday to review progress, share experiences and build consensus on key infrastructure projects that will take Africa to the next level of development.

“New decade, new realities, new priorities — positioning PIDA and infrastructure development in Africa’s continued growth and economic recovery,” Karingi.

The UNECA Director further emphasized that “with the AfCFTA set to address Africa’s investment challenges, there was an urgent need to address the continent’s infrastructure deficit.”

PIDA Week allows us to take stock with all the other stakeholders; review and reflect on progress made in the implementation of the programme; discuss ways to overcome challenges and think outside the box to find possible solutions; share lessons learnt, identify and agree on ways to improve implementation, especially now that the AfCFTA is here,” he said.

According to the UNECA, the just-started 6th PIDA Week will provide a platform to advocate and market PIDA priority projects and facilitate sharing lessons and experiences on the implementation of key projects. Africa’s infrastructure priorities for 2021-2030 will be set during the week.

As a continental initiative, PIDA provides a common framework for African stakeholders to build the infrastructure necessary to integrate the continent physically, economically and socially, offering opportunities to boost intra-African trade, create new jobs for Africa’s growing population and improve overall socio-economic development on the continent, and provide requisite infrastructure and environment to facilitate the implementation of the game-changing AfCFTA, it was noted.

The PIDA is the African Union’s strategic framework for regional and continental infrastructure development.

While progress is being recorded in PIDA implementation, challenges such as lack of finance, lack of capacity for project preparation, limited involvement of the private sector in infrastructure projects, and the need to address governance issues and create an enabling legal, policy and regulatory environment, amongst others, are often said affect the pace of implementation.

The continental PIDA Week was inaugurated in 2015 as a forum to bring together key stakeholders in the implementation of the PIDA program.

(XINHUA)

NNN

NNN: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Coronavirus – South Africa: COVID-19 update (February 28, 2021) Coronavirus – Eswatini: COVID-19 update (February 28, 2021) Coronavirus – Uganda: COVID-19 update (February 28, 2021) Coronavirus – Nigeria: COVID-19 update (February 28, 2021) African FinTech start-up ImaliPay raises upfront funds to meet the financial needs of outsourced workers Coronavirus – Africa: First doses of COVID-19 COVAX vaccine administered in Africa Coronavirus – Rwanda: COVID-19 update (February 28, 2021) The Qhubeka ASSOS team announces a solid program for Le Samyn Professor Umar Danbatta to deliver the Bullion lecture SouthBridge Investments announces innovative joint venture with Charles Kié as CEO African Energy Chamber Advisory Board book now available for pre-order Africa LNG report now available: Mozambique at the forefront of global gas development Vodacom Democratic Republic of the Congo (DRC) and Mondia launch the first maternal health service of its kind in the Democratic Republic of the Congo Africa can and must decide how to harness its natural resources, especially with gas (by NJ Ayuk) Hapag-Lloyd opens new office in Kenya 5th for Clarke at the Royal Bernard Drome Classic Are you self-employed in Equatorial Guinea? (By Pablo Mitogo and Ana Vizcarro Dyombe) ENGIE acquires a 100 MW concentrated solar power plant in South Africa Coronavirus – Rwanda: COVID-19 update (February 27, 2021) Coronavirus – Nigeria: COVID-19 update (February 27, 2021) Coronavirus – Zimbabwe: COVID-19 update (February 27, 2021) Coronavirus – Malawi: COVID-19 update (February 27, 2021) Sports journalism: Guinean security must release Dioulde now – AIPS Africa Coronavirus – Kenya: COVID-19 update (February 27, 2021) Coronavirus – Eswatini: COVID-19 update (February 27, 2021) Coronavirus – Uganda: COVID-19 update (February 26, 2021) Coronavirus – Rwanda: COVID-19 update (February 26, 2021) Coronavirus – Eswatini: COVID-19 update (February 26, 2021) Coronavirus – Kenya: COVID-19 update (February 26, 2021) Coronavirus – Nigeria: COVID-19 update (February 26, 2021) Coronavirus – Zambia: COVID-19 update (February 26, 2021) Coronavirus – Zimbabwe: COVID-19 update (February 26, 2021) Visit of the message of unity, peace and solidarity in Mali Innovative Smart Bag Redefines Menstruation Management for Refugee Girls in Uganda UNMISS helps restore calm and stability after recent violence in Koch Football progress in schools tops Benin’s agenda WHO launches first Mass Loss Management (MCM) training in Addis Ababa Coronavirus – Ghana: COVID-19 patients on admission receive WHO dignity kits Coronavirus: Côte d’Ivoire becomes the second African country and the first French-speaking country to receive doses of vaccine via the COVAX Facility UNHCR requests $ 164 million for displaced Central Africans Coronavirus – Uganda: COVID-19 update (February 25, 2021) Coronavirus – Nigeria: COVID-19 update (February 25, 2021) Coronavirus – Malawi: COVID-19 update (February 25, 2021) Coronavirus – Eritrea: Ministry of Health announcement (February 25, 2021) Coronavirus – Ethiopia: COVID-19 update (February 25, 2021) Top PR Professionals, Business Leaders Headline First Edition of Experience Public Relations Coronavirus – South Africa: COVID-19 update (February 25, 2021) UN forum unveils wonders of artificial intelligence and other sciences, technologies and innovations for Africa Coronavirus – Eswatini: COVID-19 update (February 25, 2021) Coronavirus – Rwanda: COVID-19 update (February 25, 2021)