Strategic Infrastruture in Africa: A Business Approach to Project Acceleration
- © 2013 World Economic Forum
Infrastructure has been identified as a key priority under the African Union’s Strategic Plan for 2009-2012, which seeks to promote integration, socio-economic development and cooperation on the continent. As a result of discussions with business and government leaders at the World Economic Forum on Africa Summit in Addis Ababa in May 2012, the World Economic Forum in partnership with the African Development Bank formed a ‘Business Working Group’ on infrastructure in Africa. Recognized and endorsed at the 20th Assembly of the African Union Heads of States in January 2013, the Business Working Group will create a business voice to review PIDA projects, prioritize a subset of those projects that can be implemented based on bankability and do-ability, and catalyze their implementation.
This first Report of the Business Working Group presents a selection methodology that proposes a common language with clear, economic, technical, social and regional criteria to identify infrastructure projects with potential for acceleration. The Report also includes ideas around the potential innovations and new products necessary to provide the financing required to implement Africa’s infrastructure priorities.
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