African Caucus focuses on energy infrastructures

8 August 2011

The African Caucus, an annual meeting between the Finance ministers and the governors of the Central Banks of the countries in the African Union and funding agencies, opened on August 3 in Kinshasa.

The participants raised problems relating to economic development in Africa.

One of the principal solutions put forward by the experts is to reinforce infrastructures in the energy and agriculture sectors.

In fact, according to a press release reported by Radio Okapi, 93 percent of the potential in the energy sector remains unexploited.

This meeting was chaired by Congolese Finance Minister Matata Ponyo. who believes that there is a need to "find the necessary and sustainable resources to assure food security and at the same time to guarantee the regular supply of oil products, without compromising the stability of the macroeconomic framework".

The President of the DRC, Joseph Kabila, mentioned the efforts made by his own country in the development of infrastructures, in particular the 44,000 MW from the Inga dam, reports the ACP press agency.
 

Category: Energy