African Union Development Agency AUDA-NEPAD says Investment commitments have exceeded the Programme for Infrastructure Development in Africa Priority Action Plans from the initial target by $14 billion to hit $82 billion as at 2022. Idriss Adoum, Director for Infrastructure, Trade Industrialisation and regional integration at AUDA-NEPAD joins CNBC Africa to unpack the first ten-year implementation report and infrastructure financing strategies.

The primary goal for the Programme for Infrastructure Development in Africa (PIDA) is to overcome regional connectivity challenges by developing transformative infrastructure across the continent. By fostering enhanced connectivity, PIDA aims to fuel intra-Africa trade, facilitate movement of people, and position Africa as a global player. With reduced business costs and unrestricted flow of capital and talent, PIDA paves the...

On the very important occasion of the pre-launch of 10 Year PIDA Progress Report, firstly I would like to express my sincere gratitude to all AUDA-NEPAD team members who devoted their efforts to this pre-launch. While congratulating on the completion of the report, I would like to introduce the Japanese engagement toward PIDA as well as Japan-Africa Partnership through decades-...

The African Union Development Agency-NEPAD (AUDA-NEPAD) and the Japan International Cooperation Agency (JICA) jointly hosted a momentous pre-launch ceremony in Nairobi, signifying ten years of remarkable progress in transforming Africa's infrastructure landscape. The event marked the successful completion of the highly anticipated "PIDA First 10-Year Implementation Report" and the visionary "2nd PIDA Priority Action Plan (2021-2030) Projects Prospectus". The ceremony,...

Nairobi, Kenya – On the margins of the African Union (AU) Mid-Year Summit, the AU Commission (AUC) and the African Union Development Agency - NEPAD (AUDA-NEPAD) successfully organized a coordination meeting with Regional Economic Communities (RECs) to discuss the acceleration of infrastructure development and regional integration in Africa. The meeting, held in Nairobi, Kenya focused on agreeing on joint actions...

The Harmonisation of Regulatory Frameworks of Road Transport in Africa is a groundbreaking initiative that seeks to bring together African nations to discuss and implement cohesive and streamlined policies for road transport across the continent. The workshop held at Birchwood Hotel in Johannesburg, South Africa, aims to foster economic development, improve road safety, and enhance the overall efficiency of road...