NEPAD has committed itself to support African countries to efficiently and effectively utilise the continent’s vast resources of biomass in a sustainable manner to achieve energy security for the all.
A leading Energy expert has urged the need to maximise on clean and sustainable energy resources in sufficient quantity to accelerate economic growth and improve the living conditions for Africa’s peoples.
Government officials, Private Sector, finance and technology providers as well as development experts have convened a meeting in Dakar, under the New Partnership for Africa Development (NEPAD) Agency’s African Bioenergy Investment programme.
Leading experts and investors in Bioenergy, as well as public and private sector representatives have been meeting in Johannesburg to explore how the Bioenergy industry can use more of Africa’s own national resources to deliver improved energy.
The aim of the symposium is to establish a world-class bioenergy investment incubator for Southern Africa. It is also indicative of the organisation’s intent to create a platform for member countries to participate in this burgeoning new industry.
The private sector has a critical role to play in reducing Africa’s infrastructure deficit which is militating against its economic growth, the NEPAD Agency said today.
As NEPAD, the blueprint for the continent’s development marks 10 years, UNCTAD convened a panel to reflect on NEPAD’s achievements and challenges in advancing Africa ’s development.
A joint funding grant accord was signed on June 1, between the EAC, the Indian Trust Fund and the NEPAD-Infrastructure Preparation Project Facility, to modernize and improve the railway sector in the East African Community (EAC).
The NEPAD Coordinating and Planning Agency’s Chief Executive Officer, Dr Ibrahim Mayaki has called for the prioritisation of support for infrastructure projects in Africa.