ABOUT THIS PANEL DISCUSSION:
The economic development challenges facing Africa include the highest population growth globally, low growth in infrastructure stock, low levels of intra-regional economic exchange, and remains the least integrated continent. However, for the first time in many decades, there is encouraging economic progress in many African countries. This is reflective of the implementation of sound economic policies, a move towards rules-based institutions, and participatory forms of government that foster consensus between state, business and civil society.
Urban corridors, mega urban regions and city regions are emerging across Africa, including across national borders and they are playing an important role in establishing large and regular trade flows which in turn create business and employment opportunities. The South African government’s strategy has sought to ensure to ensure that State Owned Companies (SOCs) lead in addressing the high levels of unemployment, poverty and inequality. In these improved business conditions, the SOCs have a major role to play in the development of the continent acting as crucial implementation agents.
- How do State Owned Companies across the continent help to develop Industrial Corridors and unlock growth?
- Infrastructure inefficiencies are costing the continent billions of dollars annually, closing the disparities in infrastructure is vital for economic advancement and sustainable development. What are potential solutions?
- Is there a role for business to work with State Owned Enterprises in growing the Industrial Corridors and if so, how and in what manner?
- What do State Owned Companies need from the private sector?