Saturday, April 27, 2024

East Africa: Lapsset Project Adopted By AU in Move to Boost Continent’s Free Trade Area

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By Anthony Kitimo

Kenya’s mega Lamu Port-South Sudan-Ethiopia-Transport (Lapsset) Corridor Programme has been adopted as an African Union project and redesigned to link the Lamu port on the eastern African Coast of the Indian Ocean to Douala port in the western Africa Atlantic Ocean.

The adoption means it is now under the African Union and elevates the project’s status to attract foreign direct investment and other financiers compared with its status during the launch in 2012. It also means the implementation will now be a regional affair under the AU, and will be important to the realisation of the African Continental Free Trade Area (AfCFTA).

The Africa Union’s High Representative for Infrastructure Development in Africa, Raila Odinga, made the announcement at a ceremony last week in Mombasa, Kenya. The ceremony was attended by ministers from Kenya, Ethiopia and South Sudan, who signed a memorandum of understanding for development and funding, which was preceded by a three-day technical team meeting to discuss the future of the project.

The meeting was also attended by prospective financiers of the project including the African Development Bank (AfDB), the United Nations Economic Mission of Africa and the African Union’s New Partnership for Africa Development (Nepad).

Last July, the Lapsset Development Authority applied — to the AU Programme for Infrastructure Development in Africa (PIDA), under Nepad and subsequently to the Presidential Infrastructure Champion Initiative (PICI) project under the AU Commission — for consideration under the AU flagship projects of Agenda 2063 after facing financial constraints and lack of political will, which has slowed its implementation. Read more…

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