Govt eyeing potential investors in Africa for regional transportation needs – Guyana Times
With the aim of promoting private sector-led solutions for logistics and regional transportation of agricultural produce, the People’s Progressive Party/Civic (PPP/C) Government has revealed that it is also looking at potential investors in Africa.
He referenced Barbados Prime Minister Mia Mottley, who was in Guyana for the conference and who has been a vocal proponent for more economic ties between the Caribbean Community (Caricom) and Africa. According to Singh, with transportation a major hurdle to the Region achieving food security, the time is right to look to Africa for investors.
“We believe it is a favourable one. And we will do all we can to demonstrate that this is a favourable business case here. But it has to be a market-based solution. We’re looking really for private investors in Africa… we have the Governor of Lagos State here. So, what we want really is for private investors to see this opportunity and to take advantage of it.”
“We’re hoping, we had a charter from Ethiopian airlines. We’re hopeful that airlines that are already operating in Africa, or potential investors in airline services, whether scheduled or chartered, will see the opportunities and take advantage of them,” Dr Singh said.
According to the bank, the Caricom heads had identified a lack of adequate regional transportation as a major obstacle to the movement of agricultural products within the Region, and a major contributor to food insecurity.
The inaugural event welcomed over 1267 delegates from 108 countries, including participants from 50 African countries, 13 Caribbean countries, and regions as far away as Oceania.
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