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Oliver Kazunga
Senior Business Reporter
THE Southern African Development Community (SADC) and the Arab Bank for Economic Development in Africa (BADEA) have signed a Memorandum of Understanding to strengthen co-operation between the two institutions and mobilise resources for regional integration.
The Memorandum of Understanding (MoU) was signed in Harare this morning by the SADC executive secretary Mr Elias Makgosi and BADEA president Dr Sidi Ould Tah during the institutions’ investment forum.
Officially opening the SADC/BADEA Investment Forum before the MoU was signed, guest of honour SADC Council of Ministers chairperson Dr Frederick Shava said: “We are delighted with this opportunity to strengthen and deepen our cooperation towards supporting the implementation of the regional integration programme — this milestone of our historic Memorandum of Understanding is indeed instrumental in transforming our cooperation and indeed our partnership.
“Our MoUs commit both the SADC and BADEA to promote co-operation in energy, water, health, trade, agriculture and investment, to mention but a few.”
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