Southern Africa 'needs more regional integration'
15 March 2011
Regional integration needs to be examined as a tool for growth in southern Africa, one expert has claimed.
African Development Bank (AfDB) president Donald Kaberuka said he was happy with the progress being made by the Southern African Development Community, but he recognises there is still more work to be done.
The AfDB's portfolio investments in infrastructure, promoting regional integration and climate change now stand at $4.2 billion (£2.6 billion).
Mr Kaberuka said: "The AfDB remains particularly active in supporting regional integration. South Africa is the logical platform for regional integration in southern Africa, given its economic size."
The specialist observed the institution will continue to look for the "right blend" of investments in order to achieve its goals.
He remarked this policy will be crucial in the promotion of effective intra-regional trading.
It comes after Mining Weekly revealed a new 30MW power plant is to be built in South Africa.