South Africa launches Ubuntu Initiative to transform African infrastructure through G20 platform
SOUTH AFRICA has unveiled an ambitious continental infrastructure initiative that leverages its historic G20 presidency to accelerate cross-border development projects across Africa, potentially transforming regional economic integration. The Ubuntu Initiative, launched during the first-ever G20 summit hosted by an African nation, represents a groundbreaking approach to addressing Africa's massive infrastructure deficit through coordinated regional cooperation and innovative financing mechanisms. National Treasury and the African Development Bank Group co-hosted the inaugural consultative meeting in Pretoria, bringing together senior officials from 15 African countries, all eight African Union-recognised Regional Economic Communities (RECs), and key continental institutions including AUDA-NEPAD. "This initiative is premised…
