NEPAD urges regional integration
GOVERNMENT| Oct. 18, 2012, 2:57 p.m.
Regional integration is a key component of Africa’s development strategy if the continent is to build a strong African Economic Community that will be competitive in the global economy by 2028, NEPAD CEO Dr Ibrahim Mayaki told the African Group of Ambassadors ahead of the United Nations General Assembly Africa Debate at the UN Headquarters in New York this week.
Dr Mayaki said that eleven of the world’s fastest growing economies are in Africa, hence the need to promote regional integration that will enable economies of scale, and in turn attract private sector investment.
The session, which was held as part of the UN’s International Day for the Eradication of Poverty, was attended by senior heads of key international development agencies, including Maged Abdelaziz, Under-Secretary-General and Special Adviser on Africa (OSAA); Kandeh Yumkella, Director-General of the United Nations Industrial Development Organisation (UNIDO) and Michel Tommo Monthe, Chair of the African Group of Ambassadors and Permanent Representatives to the UN.
Abdelaziz commended NEPAD on its efforts to alleviate poverty in Africa despites critical challenges in implementing sustained infrastructure, challenges, which were yet to be tackled.
Dr Mayaki said that infrastructure still remains a major constraint to modernising African countries and achieving the Millennium Development Goals (MGDs). If African governments were to invest adequately in it, the Continent would experience unprecedented socio-economic growth. To that end, some pre requisites are needed such as an enabling environment with sound financing instruments in a context which good governance is prevailing coupled to an efficient domestic resources mobilisation.
MORE GOVERNMENT NEWS
Safaricom dominance under discussion in ParliamentA bill aimed at levelling Kenya’s telecommunications sector by declaring leading operator, Safaricom, as dominant in the industry, is now in Kenya’s parliament. Read More
KRA marks 2 millionth iTax registrationThe Kenya Revenue Authority (KRA), has sealed a major milestone in its organisational transformation journey, with the registration of its 2millionth iTax client. Read More
CBN extends BVN enrolmentThe Central Bank of Nigeria has extended the timeline for the enrolment for the national Bank Verification Number (BVN). Read More
NITA gets a new bossGhana’s President John Dramani Mahama has appointed a 35 year old computer scientist, George Atta-Boateng, as Acting Director General of the National Information and Technology Agency. Read More
Nigeria BVN deadline loomsBank customers in Nigeria are reported to be rushing to register for their biometric banking ID as the deadline for the BVNs looms. Read More
Young entrepreneurs in Rwanda told to be more creativeThe latest YouthKonnekt Hangout hosted by Rwanda’s Ministry of Youth and ICT (MYICT) in partnership with UNDP, ADMA, Tigo, and HeHe Labs, has urged young entrepreneurs to be innovative. Read More
Jumia gets visit from Côte d’Ivoire MinisterCôte d’Ivoire’s Minister of Post and Information and Communication Technology, Bruno Kone, has paid a visit to the offices of e-commerce firm Jumia. Read More
African heads of state to participate in TGAISFive heads of state have already confirmed their participation in the 2015 Global African Investment Summit. Read More
Francis Wangusi reappointed CAK DGThe Board of the Communications Authority of Kenya has announced the appointment of Francis Wangusi as the Director General for a term of four years, effective 22 August 2015. Read More
FEATURED STORYIHS plans to inject fresh $500m to grow capacity
Mohammed Darwish, managing director of IHS Towers, says the firm will soon inject another $500million into the business after raising some $2.5billion to finance expansion drives. Darwish spoke with biztecafrica.com in Lagos.
BEST READ NEWS
IN DEPTHAs curtain falls on MDGs, what next?
Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.