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Africa speaking with one voice to enhance its cross border trade, share resources and build mutually beneficial infrastructure – this is all possible through the Programme for Infrastructure Development in Africa (PIDA).
The programme, developed by the African Union Commission (AUC), NEPAD Planning and Coordinating Agency (NEPAD Agency), African Development Bank (AfDB), United Nations Economic Commission for Africa (UNECA) and Regional Economic Communities (RECs), promotes regional economic integration by bridging Africa’s infrastructure gap. Currently, Africa is the least integrated continent physically and economically, with low levels of intra-regional trade and global trade at 10% and 3% respectively.
Infrastructure inefficiencies are costing the continent billions of dollars annually, stunting African GDP growth by an estimate of 2% every year. Bridging the gap in infrastructure is thus vital for economic advancement and sustainable development. However, this can only be achieved through regional and continental cooperation. PIDA aims to accelerate the delivery of current and future regional and continental infrastructure projects in transport, energy, information communications and technology (ICT), and trans-boundary water.
The 51 PIDA programmes and projects are expected to lead to an integrated continent, fuelling international trade, job creation and sustainable economic growth. PIDA is a solution by and for Africans which was endorsed by African Heads of State and Government at their 18th Summit in January 2012 in Addis Ababa, Ethiopia.