AU, AUDA-NEPAD, and OECD Partner to Promote African Shipping and Aviation
By Lydia Makina
The African Union (AU) is taking a significant step towards boosting the continent’s economic growth and development by initiating a conversation around building African shipping lines and aircraft.
According to Lerato Mataboge, Commissioner for Infrastructure and Energy at the AU, this move aims to ensure that the advancement in maritime, aviation, and road networks is complemented by a robust and connected transport sector.
Speaking exclusively to Business Day at the Luanda summit co-hosted by AUDA-NEPAD, Mataboge emphasized the AU’s commitment to local production, which would ensure that jobs and economic contributions are firmly rooted in Africa.
This approach is expected to have a significant impact on the continent’s economic development, as it would enable African countries to reap the benefits of their growing industries.
Mataboge highlighted the AU’s focus on ensuring that the substantial benefits derived from these projects are distributed equitably among member states.
This commitment to equitable distribution underscores the AU’s dedication to promoting inclusive growth and development across the continent.
The AU’s initiative to build African shipping lines and aircraft is a strategic move that could potentially transform the continent’s transportation sector.
By investing in local production, the AU aims to reduce Africa’s reliance on foreign companies and create jobs for its citizens.
This move is expected to have a positive impact on the continent’s economy and contribute to its growth and development.
The Luanda summit, co-hosted by AUDA-NEPAD, provided a platform for stakeholders to discuss and explore ways to advance Africa’s development agenda.
The AU’s commitment to local production and equitable distribution of benefits is a step in the right direction towards achieving the continent’s economic integration and growth objectives
The African Union (AU) is embarking on a mission to revolutionize the continent’s transportation sector by initiating a decisive conversation around building African shipping lines and aircraft.
According to Lerato Mataboge, Commissioner for Infrastructure and Energy at the African Union, this move aims to ensure that advancements in maritime, aviation, and road networks are complemented by a robust and connected transport sector.
Speaking in an exclusive interview with Business Day at the Luanda summit co-hosted by the African Union Development Agency (AUDA-NEPAD), Mataboge emphasized the AU’s commitment to local production.
This approach ensures that the jobs and economic contribution are firmly rooted in Africa. By investing in local production, the AU aims to reduce the continent’s reliance on foreign companies and create employment opportunities for its citizens.
Mataboge highlighted that the AU is acutely focused on ensuring that the substantial benefits derived from these projects are distributed equitably among member states.
This commitment to equitable distribution underscores the AU’s dedication to promoting inclusive growth and development across the continent.
The initiative to build African shipping lines and aircraft is a strategic move that could potentially transform the continent’s transportation sector.
By taking control of its transportation infrastructure, Africa can unlock new economic opportunities, boost trade, and enhance regional integration.
The Luanda summit provided a platform for stakeholders to discuss and explore ways to advance Africa’s development agenda.
The AU’s commitment to local production and equitable distribution of benefits is a step in the right direction towards achieving the continent’s economic integration and growth objectives.
This bold move by the African Union signals a new era of self-determination and economic empowerment for the continent.
As Africa continues to grow and develop, initiatives like these will play a crucial role in shaping the continent’s economic future and improving the lives of its citizens.
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