26 May 2014

Tanzania: Infrastructure Summit Set for Next Month

PRESIDENT Macky Sall of Senegal will host a summit on financing Africa's infrastructure from June 14-15 in Dakar according to the United Nations Economic Commission for Africa (ECA).

A statement issued by the UNECA office in Addis Ababa, Ethiopia noted that the event will aim to promote the participation of the private sector in the financing and development of Africa's infrastructure.

In preparation for the Summit, a number of projects have been identified for implementation as part of the African Union/NEPAD Programme for Infrastructure development in Africa -PIDA.

The PIDA approved projects will be show-cased to private investors and facilitate a discussion on their investment potential.

President Sall will host the Summit as a member of the NEPAD Heads of State and Government Orientation Committee, supported by the NEPAD Agency, the African Union Commission, the African Development Bank, the Economic Commission for Africa, World Bank and other partners The Summit is in response to the outcomes of a study conducted by NEPAD and the ECA on Domestic Resources by African Leaders.

The Study makes recommendations aimed at harnessing domestic resources for the financing of development in Africa, and in particular, for infrastructure development, which experts note, is a key driver for the acceleration of regional integration and competitiveness.

This summit will facilitate an interactive engagement between political and business leaders on sustainable development through domestic financing.

The Summit is expected to foster an improved and enabling environment for investment in regional infrastructure projects and increased participation of the private sector in projects that go beyond infrastructure.

View the discussion thread.

blog comments powered by DISQUS back to top

Copyright © 2014 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.