The SADC Council of Ministers meeting held last week has approved
the programming of N$ 846m (Euro 600m) funding for Regional
Infrastructure Investment projects.
In the same meeting held in Victoria Falls, Zimbabwe, The
council approved the SADC list of potential Regional Infrastructure
Investment projects to be considered for financing under the 11th
EDF 2015/16 annual Action plan.
The SADC Council of Ministers was attended by ministers from 15
SADC member States and was chaired by the Minister of foreign of
Zimbabwe Simbarashe Mumbngegwi.
“On the trade front, the council endorsed the decision taken
by the Committee of Ministers of Trade to address some of the
implementation challenges of the Free Trade Area; and directed the
secretariat to facilitate implementation of measures for effective
implementation of SADC Industrial Development Policy framework
and the Industrial Upgrading and modernisation programme,
in order to boost the region’s productive competitiveness and
industrial capacity, and promote equity, fairness and balance in intra-
regional trade,” the official communiqué said.
The council further urged member states to steadily converge on the
macroeconomic convergence targets by implementing sustainable
economic policies and diversifying their economies through value
addition and beneficiation of natural resources.
“ Member States to implement planned power generation projects
on schedule to effectively address power shortfalls in the region
in the short term and provide the necessary policy support to
implement the Demand Side management programme, including
banning of incandescent light bulbs,” the statement reads.
They were also reminded that all Member States should expedite
the implementation of the SADC Roadmap on digital Broadcasting
migration; and incorporate the SADC Resolution on Digital Terrestrial
Television in their planning so as to ensure that the region meets its
international obligations and migrate before the deadline of 17 June
Consequently, The 34th Ordinary meeting of the Summit of the
heads of State and Government of the Southern region under the
theme: “SADC Strategy for Economic Transformation: Leveraging
the Region’s Diverse Resources for Sustainable Economic and Social
Development through Value Addition and Beneficiation” have
directed that industrialisation should take centre stage in SADC’s
regional integration agenda.