Partnerships in megaprojects critical to success of AFCFTA

The High Commissioner was speaking on day two of the South Africa and Mozambique virtual Trade and Investment Seminar.

Devdiscourse News Desk | Pretoria | Updated: 02-10-2020 14:12 IST | Created: 02-10-2020 14:12 IST
Partnerships in megaprojects critical to success of AFCFTA
Mpahlwa said mega industrial and infrastructure projects require collaborative approaches and have an important dimension with regards to facilitating market access. Image Credit: Twitter(@the_dti)

Partnerships in megaprojects are critical to the success of the Africa Continental Free Trade Agreement (AFCFTA), says South African High Commissioner to Mozambique, Mandisi Mpahlwa.

"If we cannot have these major projects that are going to help to integrate our continent, this agreement is going to be dead in the water. We have had a good account on the Maputo Development Corridor and the key issue to highlight is the importance of government leadership to crowd in the private sector and unlock economic potential using public-private partnerships," he said on Thursday.

The High Commissioner was speaking on day two of the South Africa and Mozambique virtual Trade and Investment Seminar.

More than 360 business people attended the webinar, which focused on trade and investment opportunities available in Mozambique. It also discussed strategic issues regarding Mozambique's investment plans to stimulate that country's economic growth amid the COVID-19 pandemic.

Mpahlwa said mega industrial and infrastructure projects require collaborative approaches and have an important dimension with regards to facilitating market access.

This is due to the fact that they assist in putting in place the necessary integrative infrastructure, which brings the countries together and eases the flow of goods between the countries.

Mpahlwa said it is going to be critical for business people from both countries to learn from each other on how to conduct business, specifically in terms of operating in Mozambique.

He said it was important for South African businesspeople to harvest the experience and learn from those who came before them.

Five working groups

Meanwhile, the Chief Director of Trade Invest Africa - a division of the Department of Trade, Industry and Competition (dtic) - John Rocha, said five working groups have been established.

"The five working groups are on agriculture and agro-processing, natural gas, electricity and power, transport and logistics infrastructure, and trade and investment. We have also agreed to mainstream within these working groups the financing element and industrialisation component, in terms of the regional value chains that can be developed," said Rocha.

The working groups are intended to share information on business and market intelligence, ensure better-aligned approaches and harmonised planning for more effective implementation.

The working groups are also intended to ensure ease of follow-up on some of the areas of interest expressed by a number of companies.

"Importantly, the issues around capacity building, training and skills development, and local content will all be mainstreamed in all of the five working groups," said Rocha.

The first meeting of the working groups will be held on 15 October 2020 and is expected to come up with a programme of action.

The seminar was also addressed by dtic Deputy Minister, Nomalungelo Gina, and Mozambique Deputy Minister of Commerce and Industry, Ludovina Bernardo.

Some of the topics that were covered by the seminar include the impact of COVID-19 on trade and investment between the two countries, infrastructure projects as catalysts to enhance economic growth and regional integration.

The two-day seminar took place under the theme 'Developing Afrocentric solutions and forging a partnership in response to COVID-19'.

(With Inputs from South African Government Press Release)


TRENDING

OPINION / BLOG / INTERVIEW

Why unequal access to coronavirus vaccines is a threat to us all

... ...

India’s love affair with fossil fuels: the path to sustainable development?

... ...

Videos

Latest News

Nordic skiing-Sundling keeps her cool to win sprint gold for Swedes

A stunning final lap by Jonna Sundling snared the gold medal for Sweden in a thrilling womens team sprint event at the FIS Ski World Championships on Sunday, edging out Switzerland to win while Slovenia claimed bronze. Set up by her team ma...

Manish Malhotra shares glimpse of 'perfect Sunday'

Taking a stroll amid nature and sunlight, celebrity fashion designer Manish Malhotra on Sunday showcased how a perfect Sunday seems to him. The 54-year-old celebrity stylist put out a selfie on Instagram in which he is seen all masked up fo...

Thai protesters, police clash near base of army unit king controls

Thai police used tear gas and water cannon against protesters marching on a military base in Bangkok on Sunday to call for King Maha Vajiralongkorn to give up direct command of the army unit housed there. Protesters threw bottles at police ...

Andhra beat Jharkhand to finish as Group B leaders

Andhra outplayed Jharkhand by seven wickets to emerge on top of Group B in the Vijay Hazare Trophy cricket tournament here on Sunday.Andhra, Tamil Nadu, Jharkhand and Madhya Pradesh finished on 12 points each from five matches but Andhra em...

Give Feedback