{"id":5860,"date":"2024-07-31T11:01:11","date_gmt":"2024-07-31T09:01:11","guid":{"rendered":"https:\/\/mype.co.za\/business\/?p=5860"},"modified":"2024-07-31T11:01:11","modified_gmt":"2024-07-31T09:01:11","slug":"revolutionising-african-infrastructure-for-a-prosperous-future","status":"publish","type":"post","link":"https:\/\/mype.co.za\/business\/revolutionising-african-infrastructure-for-a-prosperous-future\/","title":{"rendered":"Revolutionising African Infrastructure for a Prosperous Future!"},"content":{"rendered":"

Mr. Idriss Mouchili, Director of the Coega Africa Programme (CAP) at the Coega Development Corporation (Coega), recently shared insights during a panel discussion on De-risking Africa\u2019s Infrastructural Investment in a Changing World at the Infrastructure Africa Conference in Cape Town. Emphasising the significance of the African Continental Free Trade Area (AfCFTA) agreement in achieving this objective, Mr. Mouchili underscored the pivotal role of the AfCFTA in driving South Africa’s economic growth following its ratification by the South African Parliament.<\/p>\n

The AfCFTA stands as a pivotal tool poised to unlock export markets for manufactured capital goods, technology, and services, fostering continental integration through the establishment of strategic trade and logistics corridors. However, Mr. Mouchili points out that a notable impediment to progress lies in the prevailing one-size-fits-all approach to risk assessment across Africa.<\/p>\n

Despite the continent’s rich diversity in geography, culture, and language, the current practice of assigning project risks uniformly across entire regions poses challenges. This standardised approach can unjustly penalise countries situated far from the source of risk, even when located thousands of kilometres away. To harness Africa’s full potential, a more nuanced and tailored approach to risk assessment is imperative.<\/p>\n

Developing a robust de-risking strategy for Africa’s infrastructure investment hinges on two fundamental steps. Firstly, it involves the segregation of risks into country-specific and project-specific categories. Secondly, it necessitates the allocation of these risks at the appropriate level for effective management.<\/p>\n

Country risks encompass the uncertainties associated with investing<\/a> in a particular nation, including factors like political instability, customs delays, complex tariff structures, challenges related to capital repatriation, and property rights issues, among others.<\/p>\n

Viewed through the lens of the Capital Asset Pricing Model (CAPM), country risks should be addressed through bilateral or multilateral engagements between African countries or international organisations. Leveraging existing frameworks or forging new agreements can help mitigate and resolve these risks effectively, fostering a conducive environment for sustainable infrastructure development and investment across the continent.<\/p>\n

This increased investor confidence translates directly into a greater need for experienced partners. With 25 years\u2019 expertise and capabilities in infrastructure development, engineering, procurement, project management, construction and facilities management, and industrial parks development, Coega is committed to being the leading catalyst for inclusive economic development in line with the broader African regional developmental agenda and economic imperatives.<\/p>\n

In conclusion, de-risking Africa’s investment requires a collaborative effort to address country-specific challenges and enhance project-level risk management. By adopting a more nuanced approach, Africa can unlock its immense economic potential, and Coega is positioned to play a pivotal role in this transformative process.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mr. Idriss Mouchili, Director of the Coega Africa Programme (CAP) at the Coega Development Corporation (Coega), recently shared insights during a panel discussion on De-risking Africa\u2019s Infrastructural Investment in a Changing World at the Infrastructure Africa Conference in Cape Town. Emphasising the significance of the African Continental Free Trade Area (AfCFTA) agreement in achieving this […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[540],"tags":[546],"class_list":["post-5860","post","type-post","status-publish","format-standard","category-business-news","tag-coega","entry"],"_links":{"self":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/comments?post=5860"}],"version-history":[{"count":1,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5860\/revisions"}],"predecessor-version":[{"id":5861,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5860\/revisions\/5861"}],"wp:attachment":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/media?parent=5860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/categories?post=5860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/tags?post=5860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}