Sadc could soon establish a fund to drive its major development programmes and open a technical vocational education university to bolster its industrialization trajectory.
At the 36th sadc Heads of State and Government Summit in Swaziland yesterday, the newly-appointed sadc Chair King Mswati III of Swaziland who took over the Chairmanshipo from Botswana’s President President Lieutenant-General Dr Seretse Khama I said numerous regional initiatives were stalling due to funding incapacity.
King Mswati III said that his energies were focused towards raising these funds and implored Member States to commit resources.
He also spoke on the imperatives of favourable investment conditions and regional unity.
The Summit is themed “Resource Mobilisation for Investment in Sustainable Energy Infrastructure for an Inclusive sadc Industrialisation for the Prosperity of the Region”.
It builds on the regional industrialisation agenda set by President Mugabe during his tenure as sadc Chair (August 2014-August 2015). The Herald reports.