Professor Mthunzi Mdwaba's presentation at the occasion of the Confederation of IGAD Employers

8th July

  • The IGAD(Intergovernmental Authority on Development) region comprises the countries of Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda and stretches an area of 5.2 million km.
  • Socio-economically, most Member States fall within the category of the World’s Least Developed Countries (LDCs) and share similar economic growth rates and social ethnic groups across their borders, which could be a good opportunity for regional integration, if appropriately utilised.
  • A population of over 230 million people characterised by high natural population growth rates, and vast expanses of territory coverage provide a sizeable market, which has the potential to attract both domestic and foreign investors.
  • The demographic age structure shows that some 50 percent of the population are youth, which provides a good opportunity for continued economic growth, if the youth is provided with, appropriate education and training.
  • The Region is located in a strategic place in the Horn of Africa and blessed with a good climate, rich hinterland, a long coastline with deep natural ports and situated on major air traffic routes for tourism and commodity markets in Africa, the Far East, Middle East, and Europe.

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