Serrari Group

At the Africa Rail 2024 Conference held at the Sandton Convention Centre, Hishaam Emeran, President of the Southern African Railways Association (SARA), emphasized the transformative potential of rail infrastructure in driving Africa’s economic growth. Addressing delegates, Emeran, who also serves as CEO of the Passenger Rail Agency of South Africa (PRASA), highlighted the urgent need for substantial investment in both passenger and freight rail systems across the continent.

“Rail infrastructure is pivotal to unlocking Africa’s economic potential,” Emeran stated. “Modernizing our rail networks will significantly enhance logistics efficiencies, alleviating the strain on congested road networks.”

He commended recent initiatives such as the National Logistics Crisis Committee (NLCC), chaired by the South African Presidency, which has made strides in reforming the country’s logistics sector. The committee’s approval of the Freight Logistics Roadmap marks a crucial step towards revitalizing key supply chains and infrastructure networks.

“The economic and social costs of inadequate rail and congested roads are substantial,” Emeran emphasized. “By prioritizing rail modernization, we can spur job creation and foster sustainable economic development.”

Key reforms include the introduction of a Network Statement to streamline rail access for operators and ensure cohesive government oversight. These reforms are expected to enhance competitiveness in Africa’s freight logistics sector and strengthen the resilience of ports and railways.

Emeran reiterated the role of rail as essential for providing affordable, safe, and reliable public transport—a critical component in tackling unemployment and supporting economic growth across the continent.

Photo Source: Google

By: Montel Kamau

Serrari Financial Analyst

1st July, 2024

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