Ethiopian Minister of Transport and Logistics Highlights Need for Innovative Financing and Greater Private Sector Collaboration
The 8th Programme for Infrastructure Development in Africa (PIDA) Week commenced with a call to action for transformative and inclusive infrastructure development across the continent.
In his opening remarks, Dr Sime highlighted the critical role of infrastructure in shaping the socio-economic and environmental future of Africa. “The infrastructure we develop today will shape the economic and social fabric of our nations and continent for generations,” he stated, emphasising the need for quality infrastructure to drive economic growth, regional integration and environmental sustainability.
Acknowledging the significant investment required to meet Africa’s infrastructure needs, Dr Sime underscored the necessity of innovative funding approaches, particularly public-private partnerships and international financing. He pointed to the challenges posed by poor physical and digital infrastructure, which hinder intra-African trade and development. “Half of Africa’s population still lacks access to electricity, and millions of people remain without clean drinking water. Additionally, only a small proportion of the continent’s population has access to all-weather roads and railway networks, leaving Africa below the global average almost in all aspects,” he noted, calling for the diversification of funding sources, including regional capital and debt markets.
The PIDA framework was lauded as a critical vehicle for regional integration and economic development. Dr Sime emphasised the importance of the 8th PIDA Week as a platform to assess progress, forge partnerships, and explore innovative financing solutions. “Through accelerated infrastructure networking, PIDA will unlock Africa’s growth and development potential,” he added.
Dr Sime highlighted Ethiopia’s contributions to regional connectivity and green infrastructure under the leadership of Prime Minister H.E. Dr Abiy Ahmed. The Green Legacy project, the Grand Ethiopian Renaissance Dam, and the fully electrified Ethio-Djibouti railway exemplify Ethiopia’s commitment to combating climate change and fostering regional trade.
Ethiopia’s efforts extend to the aviation and maritime sectors, with Ethiopian Airlines serving as a key hub for passenger and cargo transport, and the nation’s shipping line, boasting over five decades of history, facilitating maritime trade. “Despite being landlocked, Ethiopia demonstrates its commitment to connectivity and trade facilitation,” Dr Sime remarked.
Dr Sime called for infrastructure that is not only robust but adaptable to climate change, economic volatility, and unforeseen crises. He stressed the importance of ensuring inclusivity in infrastructure projects, particularly for marginalised communities, and urged policies that facilitate seamless movement across borders.
“By investing in resilient infrastructure, we ensure that our communities can thrive amidst adversity,” he affirmed. He also pointed to Ethiopia’s mega infrastructure projects as examples of initiatives contributing to regional integration and economic growth.
“Let us seize this opportunity to redefine Africa’s infrastructure landscape and pave the way for sustainable development that leaves no one behind,” he concluded.
