Africa's GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020 - but improved macroeconomic and employment outcomes require industry to lead growth, according to the 2019 African Economic Outlook report. Published annually since 2003, the African Development Bank’s flagship report provides headline numbers on Africa’s economic performance and outlook.
Infrastructure Financing Trends in Africa is the Infrastructure Consortium for Africa’s flagship annual report. It provides consistent and comprehensive reporting of the mobilisation of financial resources for the development of Africa’s infrastructure, covering the continent’s energy, water & sanitation, transport and ICT sectors.
The United States and China have different philosophies towards supporting Africa's infrastructure development. China adopts a more state-led approach, spearheaded by state-owned enterprises and policy banks. The US is more willing to let private companies and the market take the lead on commercial development, while the US government itself puts more emphasis on the continent’s capacity building and governance challenges. But can the two countries join forces and cooperate to advance Africa's development?
Financing Africa's infrastructure development is the special theme of the 2018 edition of the African Development Bank's "African Economic Outlook". The report highlights that Africa's infrastructure needs amount to $130–$170 billion a year, with a financing gap of $68–$108 billion. Flagging up that institutional investors manage more than $100 trillion in assets globally, the report suggests that just a small fraction of the excess global savings and low-yield resources would be enough to plug Africa’s financing gap, and finance productive and profitable infrastructure.
The Spring 2017 edition of the influential ‘Journal of Africa’, produced by the Africa Society of Japan, carries a paper written by the ICA Secretariat about infrastructure financing trends in Africa and the possible implications for Japan’s support for the continent’s infrastructure development.
Infrastructure development in Africa, and the reduction of its massive infrastructure deficit, has been constrained by limited domestic resources and a reliance on overseas development assistance. While there has been useful progress in relation to the development of public-private partnerships, little attention has been paid to the appropriate structure of financing of infrastructure investment in Africa. This paper, from the Brookings Institution, studies the appropriate financing structure of infrastructure investment and financing in Africa.
Report - 2016
The ICA’s annual publication about infrastructure financing trends (the seventh in the series) identifies how resources are being mobilised to make an impact on Africa’s infrastructure development.