‘PPP WILL IMPROVE AFRICA’S TRADE PROFILE’

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By BUSINESS REPORTER

PUBLIC Private Partnerships (PPP) will aid the development of Africa’s intercontinental connection and improve the Africa’s trade profile, Walvis Bay Corridor Group chief executive officer Clive Smith has noted.

Mr Smith said many stakeholders from the private and public sectors should work together to successfully develop the inter-land connections on the African continent.

Mr Smith however said there were associations and bodies that were playing a coordinating, advocacy and facilitation role to ensure that access to other countries and continents was attainable. He was peaking in an interview with the Daily Nation.

He said the Walvis Bay provided a safety access to the port for landlocked countries like Zambia and that there was need for efficient corridors that extended beyond the provision of transport infrastructure.

“There are many areas and opportunities where PPP’s will aid the development of Africa’s intercontinental connection and improve African Trade buy the utilization of economic corridors,” he said.

He said there was need to provide important connections between economic hubs through packaging different measures including visa and transport agreements at a set standard.

He noted the need for optimisation of requirements and the stimulation of multiple stakeholders to be successful in the promotion of increased trade.

“In order to enhance cross-border trade, we need to create an alternative route which will provide access to new markets and lead to a reduction in the cost of supply. “This can only be attained through continued improvements and ongoing consultations that will help enhance company, country and regional competitiveness, “he said.

He said Zambia was part of a tripartite agreement with Namibia and the Democratic Republic of Congo (DRC) aimed at facilitating cross border trade and transit-transport cooperation.

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