Transnet and the NEPAD Business Foundation have launched the Africa Infrastructure Desk in Johannesburg to develop infrastructure for intra-Africa trade.
Transnet, a South African rail, port and pipeline company, and NEPAD Business Foundation, a nonprofit that mobilizes private sector support in Africa, noted that Africa’s infrastructure projects currently are not being financed or implemented quickly enough and lack information and consistent cross-border policy. As a result, the Afri-ID will focus on researching and developing infrastructure projects, linking private and public sectors in deals across Africa and managing relationships that ensure implementation.
“Africa’s infrastructure deficit is crippling the continent in trade and investment,” said Lynette Chen, CEO of the NBF, in a written statement. “Transnet and the NBF’s partnership reflects the potential that private and public sector could have to harness resources and skills to tackle the huge infrastructure deficit, while ensuring local empowerment.”
“We envision an Africa without borders, an Africa that is seamlessly linked from Cape to Cairo by efficient infrastructure,” added Brian Molefe, CEO of Transnet.