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E. Africa seeks $78 billion to fund infrastructure projects | Africanews

10 months ago, 25 Feb 01:18

By: Daniel Mumbere

The East African Community (EAC) needs $78 billion in the next ten years to fund more than 200 infrastructure projects in the five member states. The key projects to be funded include the Standard Gauge Railway (SGR), hydropower, oil and gas projects across the region, which together are to cost $62.2 billion. Leaders from the EAC member states including Tanzania’s president John Magufului, Kenya’s Uhuru Kenyatta, South Sudan’s Salva Kiir were hosted by Uganda’s Yoweri Kaguta Museveni at the regional bloc’s Joint Heads of State Retreat on Infrastructure and Health Financing and Development. We owe it to ourselves and the future generations to ensure that this region has efficient, interlinked and interoperable infrastructure to enable our people to increase their prosperity through the exchange of goods and services. The leaders agreed that the revenue will be internally and externally raised through borrowing and public private partnerships. ‘‘We owe it to ourselves and the future generations to ensure that this region has efficient, interlinked and interoperable infrastructure to enable our people to increase their prosperity through the exchange of goods and services,’‘ Museveni said in his opening remarks. The numbers Salva Kiir ask East African leaders for help The South Sudan president also used the occasion to blame the United States government for the recent collapse of peace talks in Addis Ababa. ‘‘As we were trying to implement the 2015 peace agreement, we were surprised by the sanctions announced by the American president. How do you slap us with an arms embargo when the people we are talking to are getting arms?’‘ Kiir lamented. Kiir asked his counterparts to help end the civil war that has rocked his country since 2013. Health Priority Areas The East African leaders also listed key health priority areas to be targeted in the next 10 years. They include; The EAC Council of Ministers, which is the policy organ of the community, was directed to mobilise resources to support the implementation of the health sector investment priority projects.
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@AfricaNews

E. Africa seeks $78 billion to fund infrastructure projects | Africanews

10 months ago, 25 Feb 01:18

By: Daniel Mumbere
The East African Community (EAC) needs $78 billion in the next ten years to fund more than 200 infrastructure projects in the five member states. The key projects to be funded include the Standard Gauge Railway (SGR), hydropower, oil and gas projects across the region, which together are to cost $62.2 billion. Leaders from the EAC member states including Tanzania’s president John Magufului, Kenya’s Uhuru Kenyatta, South Sudan’s Salva Kiir were hosted by Uganda’s Yoweri Kaguta Museveni at the regional bloc’s Joint Heads of State Retreat on Infrastructure and Health Financing and Development. We owe it to ourselves and the future generations to ensure that this region has efficient, interlinked and interoperable infrastructure to enable our people to increase their prosperity through the exchange of goods and services. The leaders agreed that the revenue will be internally and externally raised through borrowing and public private partnerships. ‘‘We owe it to ourselves and the future generations to ensure that this region has efficient, interlinked and interoperable infrastructure to enable our people to increase their prosperity through the exchange of goods and services,’‘ Museveni said in his opening remarks. The numbers Salva Kiir ask East African leaders for help The South Sudan president also used the occasion to blame the United States government for the recent collapse of peace talks in Addis Ababa. ‘‘As we were trying to implement the 2015 peace agreement, we were surprised by the sanctions announced by the American president. How do you slap us with an arms embargo when the people we are talking to are getting arms?’‘ Kiir lamented. Kiir asked his counterparts to help end the civil war that has rocked his country since 2013. Health Priority Areas The East African leaders also listed key health priority areas to be targeted in the next 10 years. They include; The EAC Council of Ministers, which is the policy organ of the community, was directed to mobilise resources to support the implementation of the health sector investment priority projects.
Read More

Category: africa topnews news africa_business business

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