The Dakar Financing Summit for Africa’s Infrastructure has borne a robust and upbeat declaration - The Dakar Agenda for Action (DAA), which speaks to how the continent’s public and private sector, will partner with other development players to ensure financing and investment for 16 key regional infrastructure projects.

The Projects which fall under Programme for Infrastructure Development in Africa (PIDA) were at the centre of discussion at the two day Summit in the Senegalese capital, which galvanised NEPAD Agency management, technical experts and a multi-stakeholder partnership.

PIDA is a NEPAD, Africa Development Bank (AfDB) and the African Union’s continental infrastructure development blueprint. It is currently in its implementation phase. Based on regional and continental projects it is designed to address the infrastructural deficit that hampers Africa’s competitiveness on the world market.

The Dakar Agenda for Action outlines concrete actions towards financing for Africa’s Infrastructure development. Reading out the text at the closing ceremony, Chairperson of the NEPAD Business Foundation Mr Stanley Subramoney said that the private sector was more determined than ever to support infrastructural growth in Africa 

“Africa is rising, ready and open for business,” said Mr Subramoney.

Addressing a Press Conference at the end of the Summit, Senegal’s President Macky Sall said that he would use his goodwill as well as the commitment of his peers to follow through and ensure that the Agenda achieves its planned objectives

Click here to read the full text of the Agenda.