Africa-Press – Angola. The 3rd Summit on Financing for Infrastructure Development in Africa, to be held from the 28th to the 31st of this month in Luanda, serves as an opportunity to raise funds to develop railway and port projects that connect neighboring countries on the continent, according to Angolan environmentalist Vladimir Russo.
In statements, the expert noted that the country has a set of infrastructure development plans, such as roads, railways, and ports, infrastructure that needs to be expanded.
As an example, the source highlighted the need for interconnection between railways at the national level and the expansion of the railway system to connect neighboring countries such as Zambia, as well as improving existing ports, aiming at the country’s development.
“When developing these infrastructures, it is important to conduct appropriate studies so that the proposed measures and projects are in line with environmental realities and have the least possible impact on the environment,” he warned.
In turn, the president of the Angolan Renewable Energy Association (ASAER), Victor Fontes, highlighted the transportation, energy and water, and mobile communications sectors as areas that should deserve the attention of African financiers.
For the executive, the electricity sector, in particular, will be prioritized, noting that a set of projects in this segment are underway and will be presented as initiatives, given the investment opportunities that the conference will cover.
The executive director of Unisaúde Seguros, Bruno Tristão, emphasized that companies must be legally well-established to convey credibility to those seeking to invest or partner during the Summit.
He added that business institutions must also ensure that investments are extended to the country’s 21 provinces.
The 3rd Summit on Financing for Infrastructure Development in Africa aims to attract new international financing and strengthen alignment with major national development plans.
“Investment in the Single African Energy Market,” to be discussed in a dedicated panel, will be one of the event’s featured topics, featuring speakers including African Ministers of Energy and Finance, as well as energy sector investors.
The discussion will also focus on topics such as “Financing Models through Banking Infrastructure Solutions” within the framework of the Continental Energy System Master Plan (CMP).
Likewise, discussions will focus on “Key Challenges and Opportunities Around Regional Interconnectors” and “Generation Capacity and Market Harmonization.”
The official opening ceremony of the 3rd Summit on Financing for Infrastructure Development in Africa will be brought forward to this Monday (27), with technical group meetings in preparation for this high-level event, which concludes four days later, on October 31st.
The event will feature roundtables on various economic topics, with an emphasis on transportation, energy, and financing.
On the 29th, for example, speakers will analyze trade-related infrastructure projects, such as the economic integration potential of the Lobito Corridor, focusing on viable initiatives.
The organization announces the participation of representatives from the African Union, experts in the field, and private sector leaders, whose focus will be on logistics centers, ports, and railway systems, as well as facilitating mechanisms, including public-private partnerships.
The goal is to demonstrate the Corridor’s position as an attractive destination for investors, development finance institutions, and project promoters.
The work agenda also includes, between the 28th and 30th, discussions on “Financing Africa’s Digital Transformation,” “Accelerating Climate Finance for Sustainable Urban Infrastructure and Mobility in Africa,” “Financing an Integrated and Cross-Border African Railway Network,” and “Financing and Modernizing African Civil Aviation Infrastructure.”
The last day of the event (31st) will feature a field trip to Luanda’s tourist and architectural landmarks, including the Bay, the National Bank of Angola, the Iron Palace, the Monument to the Unknown Soldier, the National Assembly, the Slavery Museum, the Handicrafts Fair, and the Moon Viewpoint.
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