The Kaleta dam is a 240 MW hydro-power plant located in Guinea, 115 km northeast of Conakry and 130 km upstream of the mouth of the Konkouré River. The project forms part of the OMVG Energy Project (Gambia River Basin Development Organisation) involving four countries, i.e The Gambia, Guinea, Guinea-Bissau and Senegal. The construction of the dam was completed inJune 2015 and commissioned on 28 September at a cost of $526 million.
MoveAfrica seeks to address aspects of trade by exploring ways in which to drive down costs and increase efficiency of trans-boundary transportation and logistics; bearing in mind that much time is lost at border posts and at check points which has a direct bearing on the cost of transport, trade and industrial productivity. As Africa heads towards the establishment of the Continental Free Trade Area (CFTA) which will create a single continental market for goods and services, with free movement of business persons and investments. MoveAfrica is a perfect fit as it being a continental initiative aims to be private sector driven and complement the profile of the Programme for Infrastructure Development in Africa (PIDA) Transport Project objectives as well as Boosting Intra Africa Trade (BIAT) and Accelerating Industrial Development in Africa (AIDA) Frameworks.
According to the Frost & Sullivan’s analysis of infrastructure development in Sub-Saharan Africa shows $174 billion dollars is being invested in transport and logistics infrastructure, while $28 billion dollars is being invested in the development of major Trans-African road, rail corridors and deep-sea ports in order to rapidly improve trade volumes in sub-Saharan Africa. Driving Forward discuss the connection between road, rail and ports with Bongani Mankewu, Chief Executive of the Rail Road Association of South Africa.
NEPAD CEO Dr Ibrahim Mayaki addressed a forum on Innovative Solutions to Job Creation for Africa’s Youth, on the sidelines of the UN’s Africa Week in New York. Dr Ibrahim Mayaki also pointed out that for Africa to deal with the 300 million unemployed youth, it would require structural transformation and industrialization of economies that is focused on rural areas.
Source: SABC Digital News
In principle, pension funds present a compelling natural fit to the longer-term liability profile of most infrastructure investments, with the primary appeal being the potential to deliver predictable cash flow streams over time and notable return on investment. NEPAD CEO, Dr Ibrahim Mayaki, addressed a forum and emphasised the development of a robust transparent and predictable legal framework as a critical requirement to unlock private investment for infrastructure development on the continent.
Source: ECA_Official Video Channel
Economic potential and growth opportunities of the EAC region have been hindered by the poor state of hard and soft infrastructure across its five member states. Given the urgent need to build and rehabilitate transportation systems, upgrade road networks and the establishment of One Stop Border Posts (OSBPs), expansion of port capacities and investing in power generation and redistribution; the region’s prosperity is contingent on its ability to attract private sector investment to further reach its ambitious objectives.
Prof. Mosad Elmissiry, advisor to the CEO of NEPAD Agency on Energy, succinctly describes the PIDA as a strategic framework of priority projects for the development of regional and continental infrastructure on the continent. The overall goal of PIDA is to promote socio-economic development and poverty reduction in Africa through improved access to integrated regional and continental infrastructure networks and services.
Source: Brazil Africa Institute
A conference panel with key PIDA stakeholders providing insights on their areas of expertise. NEPAD Transport Infrastructure Expert, Dr John Tambi, provides an overview of the progress made to date; highlighting the programme’s institutional architecture for infrastructure development and the significance of project ownership. AUC Infrastructure & Transport representative, Dr Maurice Niatty- Mouamba, refers to the constraints impeding PIDA implementation, emphasising capacity building of stakeholders as a key requirement. AfDB Chief Infrastructure & PPP Specialist, Mr Mtchera Chirwa shares a perspective on national priorities to enable PIDA’s success.
Source: Creamer Media
The success of PIDA is in driving the development of leading quality infrastructure as a means to propel economic growth. The infrastructure we see today across the continent will have undergone a phenomenal transformation by the year 2040, through the application of turnkey projects which will create efficiencies and advance economies. Innovations in the energy, trans-boundary water resources, transport and Information and Communication Technologies (ICT) services will collectively contribute to creating solutions which increase economic density across the continent.