AU Commission outlines plans to expand infrastructure development across the continent
Acceleration in infrastructure development is vital in Africa for continued growth and economic recovery. The continent needs digitalization, and climate-resilient infrastructure, as we build back from COVID-19. Doctor Amani Abou-Zeid, Commissioner for Infrastructure & Energy at the African Union Commission joins CNBC Africa for more.
Mon, 08 Feb 2021 11:19:49 GMT
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AI Generated Summary
- The AU Commission is prioritizing infrastructure development to drive economic growth and aid in the post-COVID-19 recovery.
- Digitalization and climate-resilient infrastructure are key focus areas for the AU's infrastructure development strategy.
- Private sector engagement, bridging the funding gap, and promoting renewable energy are critical components of the AU's infrastructure development plans.
The African Union Commission has outlined plans to expand infrastructure development across the continent to propel economic growth and aid in the post-COVID-19 recovery efforts. Dr. Amani Abou-Zeid, the Commissioner for Infrastructure and Energy at the AU Commission, highlighted the importance of digitalization and climate-resilient infrastructure in driving the continent's progress. With a focus on strengthening resilience, the AU Commission aims to address the challenges posed by the COVID-19 pandemic and climate change by transitioning to green energy and developing climate-resilient infrastructure. Digitalization is also a key priority, with a push to advance digital initiatives that are African-led and tailored to the continent's specific needs.
One of the critical aspects of the AU's infrastructure development strategy is the involvement of the private sector. Dr. Abou-Zeid emphasized the importance of private sector participation in funding and implementing infrastructure projects. The AU works closely with regional economic communities and member states to develop regional, inter-regional, and transcontinental infrastructure programs in energy, ICT, transport, and water management. By engaging with the private sector, the AU aims to attract investment and ensure the successful implementation of infrastructure projects.
Addressing the funding gap for African infrastructure development, which is estimated to be between $130 to $170 billion annually for the next ten years, remains a significant challenge. The AU is working to create a conducive investment climate that incentivizes investment and attracts both traditional and non-traditional investors. By packaging projects effectively and collaborating with various stakeholders, the AU is striving to bridge the funding gap and accelerate infrastructure development across the continent.
Discussing the energy plan for Africa, Dr. Abou-Zeid underscored the importance of energy security and access for the continent's development. With over 600 million Africans lacking access to energy, ensuring energy security is a critical priority. In light of the disruptions caused by the COVID-19 pandemic, renewable energy has emerged as a strategic solution for energy security. The AU is focusing on renewable energy projects, including solar, wind, and geothermal energy, to enhance energy access and security.
While the Inga Dam project in the Democratic Republic of Congo has faced challenges, the AU is committed to advancing the project with the support of President Tisekedi. Dr. Abou-Zeid expressed her discussions with President Tisekedi regarding the Inga project and the strategic collaboration between the AU, AUDA-NEPAD, and the African Development Bank to propel the project forward.
Looking ahead, the AU's infrastructure development plans encompass a broad spectrum of sectors, including transport, tourism, and ICT. These sectors play a crucial role in driving economic growth and facilitating regional integration through initiatives such as the African Continental Free Trade Area (AfCFTA) and the development of a single African airline. The AU is poised to continue its efforts in infrastructure development as a catalyst for economic recovery and sustainable growth in Africa.