Africa needs to first rely on internal investment if it is to achieve
the infrastructure developments it urgently needs, the president of
Senegal said Sunday at a regional summit.
"We rely on our own
efforts to mobilise domestic resources, because of the shift in public
development aid and the volatility of capital markets," President Macky
Sall said at the Dakar Financing Summit.
The two day meeting of
NEPAD the New Partnership for Africa's Development brought together the
leaders of Mali, Nigeria, and Benin, with 300 delegates from across the
continent.
Closing the event on Sunday, Sall called for greater
integration of the economies and infrastructures of African countries,
and a "paradigm shift" in the way the resources of the continent are
used.
He also said that while Africa has "certain urgent needs",
it should be seen "not as a receptacle for aid but as a place of
opportunity, investment, and partnership".
Current priority
projects for Nepad, include the extension of the port in Dar es Salaam
and a gas pipeline between Nigeria and Algeria.
Copyright AFP (Agence France-Presse), 2014
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