In Stockholm, on the 20th of August 2015 the SADC Diplomatic Missions in Sweden in collaboration with SSACC and KPMG will convene a high-level seminar on the theme “Sustainable Business Operations and Relations with SADC”. The seminar will allow for dialogue and new insights on cooperation between governments, businesses and civil society, sharing the latest developments in the SADC region and discuss how businesses can be managed sustainably from an economic, social and environmental perspective.
(attend/see program – Stockholm SADC DAY event)
This follows the 35th SADC Heads of State and Government Summit taking place today August 17th and tomorrow 18th, 2015, in Gaborone Botswana. The summit is being held under the theme “Accelerating Industrialization of SADC Economies Through Transformation of Natural Endowment and Improved Human Capital.”
Among other things discussed, will be the implementation of the recently adopted Regional Industrialization Strategy that was approved during the Extra-Ordinary SADC Summit in April 2015 in Harare‚ Zimbabwe. The Summit is also expected to review progress towards achieving the objectives outlined in the Revised Regional Indicative Strategic Development Plan (RISDP) 2015 – 2020.
The RISDP is a $500 billion harmonized blueprint for the SADC plan of action on achieving regional economic development and will guide the implementation of SADC programs over the next five years‚ with a particular focus on Industrial Development and Market Integration; Infrastructure in Support of Regional Integration; and Peace and Security Cooperation.
Outgoing SADC Council of Ministers Chairperson, Simbarashe Mumbengegwi, who is Zimbabwe’s Minister of Foreign Affairs, said that it was a great honor for his country to lead the Council of Ministers for the past one year and added that SADC performed well over the past year and met most of its objectives. In his acceptance note, Botswana’s Minister of Finance and Development Planning, Kenneth Matambo, said there is urgent need for SADC economies to broaden their industrial and economic bases to create employment and intensify the fight against poverty. Mr Matambo said the adoption of the industrialization strategy is a welcome move to catalyze regional co-operation and integration to ensure that SADC moves ahead in unison as a region.
An Interim Report on the SADC Regional Industrialization Strategy and Roadmap presented in March of 2015 highlighted the following:
Industrialization, competitiveness and regional integration are the three main pillars on which the strategy will be anchored and through which the region will be set to achieve the following strategic objectives:
- Diversifying and broadening the industrial and export base of the region, thereby increasing regional trade and employment
- Reversing the decline in the share of manufacturing in GDP and employment
- Accelerating the growth momentum and enhancing the comparative and competitive advantages of the economies of the region
- Achieving major socio-economic and technological transformation both at the Member State and regional level.On SADC – EU Cooperation, progress has indeed been noted in the programming of the 11th European Development Fund (EDF) to cover the period 1 January 2014 to 31 December 2020. The entire €116 million allocated as EU support to SADC under the 10th EDF has been committed and allocated to the following programs and projects in two focal areas of Regional Economic Integration and Regional Political Cooperation:
- Regional Economic Integration Support (REIS)
- Trade-related Facility (TrF)
- Project Preparation and Development Facility (PPDF)
- Regional Political Cooperation Program (RPC)
- Institutional Capacity Development Program (ICDP)
- Technical Cooperation Facility (TCF)