CDC extends its market beyond SA
THE COEGA Development Corporation ( CDC), which operates the 9 003 hectare Coega Special Economic Zone ( SEZ), said yesterday it had extended its market offering beyond South Africa into Zimbabwe, Cameroon, Central African Republic and Democratic Republic of Congo under the Coega Africa Programme ( CAP).
In Zimbabwe, the CDC was providing consulting services to develop the Norton ( Lentsloane) and Eco- soft SEZS in Harare, owned by TD Holdings. The sod turning for the SEZS was planned for next month. The focus was on advisory services for the water treatment plant in Harare with an estimated investment value of more than $ 15 million ( about R247m). The SEZ and dry port in Norton were valued at about $ 336m, the CDC said.
The CAP had also obtained a 20- year concession for logistics bases in Douala in the Central African Republic for the development of a dry port.
“Through its African trade and investment solutions Strategy, the CDC is championing the country’s enterprise for business between South Africa and the rest of the continent.
“Our market development programme to the rest of the African continent is aligned to President Ramaphosa’s call to promote the development and economic integration of the African continent. Moreover, the CDC is responding to the continental strategy that was set out by the African Union Agenda 2063 and the New Partnership for Africa’s Development,” said CDC marketing, brand and communication head Dr Ayanda Vilakazi.