To improve Africa’s investment attractiveness and address the transport and logistics agenda, Africa will need to pursue a deeper engagement with the private sector on developing transport and logistics projects. To this end, the NEPAD Agency is launching a transport and logistics initiative called MoveAfrica.
The MoveAfrica initiative aims to address the transformation of the trans-boundary transport and logistics sector in Africa; it will seek to drive down transport costs and increase logistics efficiency for Fast Moving Consumer Goods (FMCG) operators and manufacturers operating in Africa, and thus complement the work stream of the Continental Business Network (CBN).
MOVEAFRICA: VALUE PROPOSITION
Taking into account the various challenges outlined and building on some of the steps being taken to address them, MoveAfrica aims to package and mainstream soft infrastructure issues to reduce transport costs along corridors and promote a multi-sectoral and comprehensive approach for corridor development.
NEPAD’s leadership as the implementing agency of the African Union has long welcomed and inspired partnerships to get the political support and crowd-in private sector solutions to address Africa’s most prominent economic and social challenges. Evidence of this can be seen from initiatives such as Grow Africa for agriculture and, more recently, pioneering the establishment and launch of the CBN, amongst many other successful public- private initiatives.
Building on these successes, and the recognition that intra-African trade and investment is dependent on sound transport and logistics corridors and networks, the NEPAD Agency is calling for a private sector-led transport and logistics initiative with political support. This initiative, equivalent to Grow Africa, is named MoveAfrica and is envisaged as a suitable program that can be driven as a transport pillar of the CBN.
MoveAfrica fits squarely within both the Presidential Infrastructure Champions Initiative (PICI) transport project objectives (specifically the Trans-African Highways Corridors) and the private sector-led CBN initiative. MoveAfrica is therefore uniquely positioned to become the transport and logistics pillar of the CBN.
MoveAfrica will also be aligned to the Action Plan for BIAT, as endorsed by the AU Summit, the implementation of whose programmes and activities is aimed at addressing the key constraints and challenges of intra-African trade and at significantly enhancing the size and benefits of the trade for the attainment of sustainable economic growth and development.
The NEPAD Agency together with Africa Investor and the Global African Investment Summit (TGAIS) as strategic partners will officially launch MoveAfrica on 11th May 2016 on the margins of the World Economic Forum in Kigali, Rwanda.