Creating a strategic plan for Africa

In a recent interview on CNBC Africa, Lynette Chen, CEO of NEPAD Business Foundation, discussed the progress being made in promoting inclusive growth through the implementation of a strategic plan for Africa. Chen emphasized the importance of having a cohesive strategy for the continent, highlighting the strides that have been made under the New Partnership for Africa's Development (NEPAD) to set forth a unified African agenda. One of the key initiatives mentioned was the PETA program, focused on infrastructure development and cross-border coordination in areas such as agriculture. Over the past 13 years, significant groundwork has been laid in the planning phase, and now the focus has shifted towards implementation. Chen outlined the challenge of aligning national plans with a more integrated approach to drive overall growth. A notable project cited by Chen is the North-South Corridor Rail Network, spanning from Durban to the Democratic Republic of Congo. Collaboration with regional bodies like SADC and transport ministers has been instrumental in endorsing and implementing the rail network. While acknowledging existing infrastructure, the emphasis is on enhancing operational efficiencies across borders. Chen commended the cooperation among rail operators from multiple countries and the ongoing feasibility study to optimize economic operations. Despite progress, Chen noted the prevalence of fragmented development efforts across the continent, signaling the need for a more synchronized approach towards regional integration. Acknowledging initiatives like Agenda 2063 and regional bloc activities, Chen stressed the role of national governments in recognizing the benefits of a harmonized economy. A unified market not only attracts more trade but also fosters infrastructure development and service integration, appealing to foreign investors eyeing regional demand. Addressing the challenges of integration, Chen highlighted the varying development stages of African countries, making collective action a gradual process. While aligning 54 nations may seem daunting, Chen proposed a phased approach where certain countries pioneer initiatives that others can later adopt. Sharing best practices and learning from successful models in countries like Mozambique, Zambia, and Ethiopia was emphasized as pivotal in driving innovation and collaboration. In conclusion, Chen reiterated the importance of leveraging regional integration to propel Africa towards sustainable development. By fostering a conducive environment for trade, investment, and innovation, African nations can collectively empower their economies and create a more inclusive growth trajectory.