The SADC region needs US$625 billion to be able to implement the priority projects outlined in the Regional Indicative Strategic Development Plan. 

The figure was revealed by the SADC Executive Secretary, Elias Magosi, during the opening of the SADC Council of Ministers underway in Antananarivo, Madagascar.

Magosi said that SADC member states are expected to contribute US$89 million, while the funding gap is to be supported by partners. 

He further advised that for the region to unlock these funding opportunities, it must demonstrate tangible results and showcase the impact of collective efforts.

Another important step is for the region to take strategic action to reduce its dependence on exporting raw and unprocessed commodities.

"For too long, our economies have been driven by the export of low-value goods, limiting our capacity to foster sustainable growth, create meaningful employment, and fully harness the value of our abundant natural resources," said Magosi.