Leveraging on cross-border infrastructure investments for growth
Friday, May 21, 2021
Creating wealth. Trucks at Ramatlabama border. More intra-Africa trade is expected to grow economies PIC MORERI SEJAKGOMO
A landlocked country like Botswana strives to use its geographic location as a transport and logistics hub to leverage growing regional trade and expand its portfolio as a land-linked pathway to the southern African market. This will require massive investments in road, air, and rail transport infrastructure to improve regional connectivity. It will also require innovative policymaking to prepare the domestic market for the coming opportunities. What is clear is that Africa does not trade enough, especially with itself and this is attributed to the lack of sufficient infrastructure.
The African Development Bank (AfDB) has previously estimated that the infrastructure deficit in Africa amounts to between $130 and $170 billion a year; with an estimated financing gap of $68 to $108 billion.
“In any moment of decision, the best thing you can do is the right thing.”– Theodore RooseveltThrough the two-day event, over 700 athletes from 40 countries, and multitudes of spectators gathered in Gaborone to witness a world-class sporting spectacle.Beyond the medals and performances on the track, Botswana won something equally important: international respect. One of the key pillars behind the success was the sterling work done by the...