Ramaphosa Tells AU Summit ‘very good progress’ Made on Mega Infrastructure Projects

Staff Reporter

President Cyril Ramaphosa says South Africa together with the Presidential Infrastructure Championing Initiative countries remain committed to ensuring the PICI is central to the success of the African Continental Free Trade Agreement, as well as the AU’s Agenda 2063.

Ramaphosa was presenting the PICI’s progress report to the Heads of State and Government in Ethiopia.

Earlier, Ramaphosa took the lead as the new chair of the AU’s peer review panel.

“As we collectively strive to meet our industrialization goals, infrastructure features heavily in Agenda 2063,” said Ramaphosa.  

“The African Development Bank estimates that Africa’s infrastructure needs amount to some USD 130bn to USD 170bn a year. We need more dams, power plants, fibre optic cables and ports. But we also need more social infrastructure like roads, schools, public housing and clinics.”

Ramaphosa told heads of state and government that ’substantive and very good progress’ has been made on