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SADC Secretary: Lack of Funds Hampering Regional Industralization

FILE: The SADC Extra Ordinary Summit in Harare focused on industralization in the region. (Photo; Mavis Gama)

The Southern African Development Community (SADC) heads of state summit ended in Botswana’s capital, Gaborone, Tuesday with a call for the region to find ways to accelerate industrialization.

The two-day meeting focused on the implementation of the region’s industrialisation strategy which was approved in April this year at the Extra-Ordinary SADC Summit held in Zimbabwe’s Victoria Falls.

On the political side, host President Ian Khama is now SADC chairman after taking over from President Robert Mugabe. Unstable Lesotho was yet again passed over as it was its turn to chair the SADC Organ on Politics and Defence, a portfolio which was given to Mozambique.

Addressing the summit Monday on a historic day that marked the 23rd anniversary of the SADC day, which marks the transformation of the Southern Africa Development Co-ordination Conference (SADC) into the Southern Africa Development Community (SADC) on August 17th 1992, outgoing SADC chairman Mr. Mugabe called for accelerated industrial development in the region.

But in an exclusive interview with Studio 7, SADC executive secretary Stergomena Lawrence Tax said SADC’s industrialization is being hampered by lack of funding.