Browsing: African National Congress

Africa’s second-largest economy, South Africa—is planning to introduce projects worth of $29.5 billion in sectors such as water, energy, and transport—to fuel an economic recovery from coronavirus (COVID-19) pandemic, according to information from Reuters.

The infrastructure projects are expected to be approved by the South African President Cyril Ramaphosa’s cabinet, following discussions with the private sector and multilateral development banks, Paul Mashatile, ANC’s treasurer-general said during a video conference organized by a London based think-tank—Chatham House.

According to statistics from the South African government on COVID-19 trend, until May 27, 634,996 tests were conducted, 25,937 cases identified, 13,451 people recovered, 552 people succumbed to the virus and more than 1,600 cases emerged.

As South Africa swims in a second-recession, the economic-recovery projects would focus on areas such as railways, ports, energy, information technology, water and sanitation and housing.

“It is clear that given the scale of the damage to …