Browsing: G7 summit

Over the past decade Africa has been rife with infrastructure developments that hitherto continue to steadily transform the continent, spurring the much-needed economic development. This is well aligned to aspiration 2 of Africa’s Agenda 2063, which advocates for ‘an integrated continent politically united based on the ideas of Pan Africanism and the vision of African Renaissance’ with the key priority area of developing world class infrastructure that crisscrosses Africa.

Inadequate infrastructure in Sub-Saharan Africa has remained an existential hurdle to the continent’s achievement of robust economic growth. According to a report by Deloitte, this status quo has reduced national economic growth by two percentage points every year, and cut business productivity by as much as 40 per cent. In reiteration, another report by McKinsey and Company highlights that Africa faces an infrastructure paradox, in that there is need and availability of funding together with a large pipeline of potential projects …

President Cyril Ramaphosa has arrived in Biarritz, France to take part in the G7 Summit that is focused on the elimination of inequalities of various kinds globally, the presidency said on Sunday.

The G7 comprises France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada, whose government leaders meet annually to discuss important global economic, political, social, and security issues.

President Ramaphosa was invited to this year’s G7 Summit by the host, President Emmanuel Macron of France. The summit is structured into three tracks: G7 and Africa Partnership co-opting South Africa, Rwanda, Egypt, Burkina Faso, Senegal, and the chair of the African Union Commission; the G7 and four Biarritz Partners which are South Africa, India, Australia, and Chile; then the G7 and all partners.

“The working visit will also provide a platform for President Ramaphosa and members of Cabinet to invite global partners to experience South Africa as …