By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- President Ramaphosa of South Africa lets out investing in Limpopo is a strategic motion that breathes importance to the integration of the SADC nations.
“Our National Infrastructure Plan aims to support the integration of African economies and the development of intra-Africa regional value chains.
“Investing in Limpopo is therefore very strategic because the province shares borders with three of our neighboring countries – Botswana, Zimbabwe, and Mozambique. This means that the province is positioned as a gateway to a potential market of 300 million people just in the Southern African Development Community region,” the President told.
September 01st, 2021 addressing the annual Limpopo Investment Conference, that galvanized the private sector, government and industry to attract investments. The conference is portion of the province’s undertaking to thrive household and global investment, and to showcase new venture alternatives for the province. It also comes first and cushions the national South Africa Investment Conference hosted yearly by President Ramaphosa.
To establish an environment conducive to investment, President Ramaphosa let out, the administration has carried various strides to accomplish security of electricity supply for the entire country.
“We are undertaking far-reaching structural reforms in the energy, transport and water sectors, all of which are important for the industries with the highest potential for growth in Limpopo,” President Ramaphosa asserted.
President Ramaphosa told government is toiling to boost the investment climate and curtail the cost of doing business.
“We are undertaking far-reaching structural reforms in the energy, transport and water sectors, all of which are important for the industries with the highest potential for growth in Limpopo,” President Ramaphosa announced.
With regards to water resources, President Ramaphosa said government proceeds to make developments in the backtracking time for the issuing of water licenses.
“One used to wait for up to three years to get a water license, and we are now reducing that quite substantially. We are in the process of establishing a National Water Resource Infrastructure Agency.”
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent