SADC must be private sector driven-Lungu

PRESIDENT Edgar Lungu says the SADC region should embark on reforms to create the necessary environment to spur the structural and economic transformation of the region through increased participation of the private sector.

And the Heads of State have approved the  SADC industrialisation strategy and roadmap which was developed through a consultative process involving all relevant stakeholders.

Mr. Lungu said the SADC region should put in place measures to encourage and support the development of appropriate industries that would transform primary raw materials into high value finished products.

President Lungu said this when he addressed the 29th SADC extra-ordinary summit on industrialisation in Zimbabwe.

He said the immediate task of the SADC region should be a comprehensive mapping of diverse resources

“SADC member countries should re-engineer and re-position themselves in the global economy and become drivers of economic prosperity.it is important that the region determines its own destiny.

“The SADC region should do everything possible  to ensure that it controls how its abundant natural resources should be exploited and processed into finished products,” he said.

And the Heads of State have approved the  SADC industrialisation strategy and roadmap which was developed through a consultative process involving all relevant stakeholders.

The strategy seeks to foster economic growth and advancement at the national and regional levels.

SADC chairperson Robert Mugabe said this when he addressed the media on the outcome of the Heads of State summit.

Mr Mugabe said the strategy had a longer term perspective, covering the years 2015 -2063.

The summit also approved the revised SADC regional indicative strategic development plan 2015-2020.

And reading the communique, SADC executive secretary Dr  Lawrence Tax said the South African President Jacob Zuma had condemned the status of xenophobia violence in his country.

Dr Tax said the South African government had put in place measures to stop the attacks on foreign nations.

Dr Tax said the heads of state commended the measures taken by the South African Government to educate people about the scourge.

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