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Saturday 19 June 2021
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Senegal: Summit on NEPAD infrastructure financing begins

A summit on the financing of infrastructure under the New Partnership for Africa’s development (NEPAD), will be held Saturday and Sunday in the Senegalese capital, Dakar, official sources told PANA.

The meeting will bring together African heads of State and government and several private sectors officials from across the continent.

Organizers said participants will discuss the ways and means to finance the programme for the development of infrastructure in Africa (PIDA) for NEPAD, which identified 51 projects focusing among others on energy, water, transport and the communication and information technologies.

For the amount of US$ 68 billion, the different PIDA projects should be implemented during the 2012-2020 period.

NEPAD is a project initiated by several African presidents, including former Senegalese president Abdoulaye Wade, South African Thabo Mbeki, Nigerian Olusegun Obasanjo, Egyptian Hosni Moubarack and Algerian Abdelaziz Bouteflika.

It comes from the combination of two other plans proposed for Africa — Omega Plan proposed by President Wade and the Millenium African Plan (Map) proposed by Obasanjo and Mbeki.

However, in July 2001, at the summit of AU heads of State held in the Zambian capital, Lusaka, the two plans were merged under the name NEPAD.

Placed under the aegis of AU, NEPAD aims at speeding the development of the continent.


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