Appeal to the private sector for the construction of infrastructures in Southern Africa

25 January 2010

An appeal to private investors to finance transport, water, energy, and IT infrastructures was launched on Friday 22 January 2010 by the Southern Africa Development Community, as the Angop press agency reports.

João Caholo, the institution’s executive, pointed out that the countries of Southern Africa have sufficient resources to create a surplus in the production and distribution of electricity.

He emphasised the need to create favourable judicial and legal conditions to attract investments.

World Bank President Robert Zoellick will be embarking on Tuesday on an eight-day tour of a number of African countries in order to draw attention to the need to push for the resumption of economic growth in order to combat poverty, according to a press release from the Bank.

He is accordingly aiming to create economic opportunities in the weaker states by way of a policy of regional integration, creating infrastructures in the sectors of energy, transport, and irrigation.<br/>