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Tripartite and IGAD Investment Conference on Infrastructure
28/09/11

The Tripartite Regional Economic Communities of COMESA, EAC and SADC and the Intergovernmental Authority on Development (IGAD) will be holding a high level Infrastructure Investment Conference in Nairobi, Kenya from September 28-29, 2011 focusing on highlighting priority infrastructure projects on the Northern, Central, Lamu and Djibouti corridors.
 
The Conference is expected to come up with strategies on the development of an efficient transport system in the region that will remove the long-standing transport bottlenecks in East and Southern Africa. Over the years, the three RECs and IGAD have determined that transport inefficiencies are among the biggest impediments to realizing their vision to lead the countries of the regions out of poverty. Transport costs are prohibitively high and have become a barrier to trade and investment, which form the cornerstone for economic growth and regional prosperity.

The overall objectives of the two day Conference, which will bring together representatives of government agencies, COMESA, EAC, SADC, IGAD, the private sector and donor agencies, are:
* Secure high level political backing and stakeholder support for the Corridor Action Plans for the Northern, Central, Lamu and Djibouti Corridors covering trade for more than 280 million people;
* Present the potential for public-private partnerships (PPPs) through agreement of East African PPP and procurement policies;
* Showcase a limited number of prepared projects for private, public and donor investor interest in infrastructure and trade facilitation;
* Provide a platform to discuss the challenges and opportunities related to infrastructure development in East Africa;
* Provide a unique opportunity for networking and business development among senior industry representatives, key government players, investors and development partners; and
* Create longer term structures for co-coordinating the implementation of Corridor Action Plans and associated financing mechanisms.
The SADC Secretariat will be represented by the Deputy Executive Secretary, Eng. Joao Caholo and the Director of Infrastructure and Services, Mr. Remigious Makumbe.
     ENDS


 

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