South Africa, DRC agree on Joint Economic Projects for next 10 Years

South Africa and the Democratic Republic of Congo (DRC) have agreed to jointly embark on economic projects in the next 10 years.

South Africa’s President, Jacob Zuma, announced the agreement soon after returning from a working visit to the DRC.

“We have decided that the next decade of our Bi-National Commission (BNC) should intensify the implementation of joint economic projects, in particular the Grand Inga Hydropower Project, whose founding treaty was signed on 30 October 2013. We have urged the responsible ministries/departments to finalise all outstanding issues in order to pave the way for the construction of this Pan-African flagship project,” President Zuma said.

Earlier this week, Zuma co-chaired the 9th session of the BNC with his DRC counterpart President Joseph Kabila in the DRC capital, Kinshasa.

During the summit, the two leaders reviewed progress made on bilateral programmes during the first decade of the BNC such as, cooperation projects in the fields of politics and governance; defence and security; economy, finance and infrastructure as well as social and humanitarian affairs.

“In the next 10 years, economic relations in the areas of trade, industrialisation and infrastructure development will be more prominent than they are now,” Zuma said.

Source: Footprint2Africa


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