The latest annual report from the Infrastructure Consortium for Africa (ICA) highlights the importance of regional infrastructure projects in helping to drive continent-wide trade and equitable, sustainable growth.
Funds for Africa’s infrastructure development are available – but the challenges are finding bankable projects and putting in place effective institutional arrangements.
Funding commitments to Africa’s infrastructure development rose by 22% in 2017, the Infrastructure Consortium for Africa announced today. Published on the first day of the Africa Investment Forum, the ICA’s Infrastructure Financing Trends in Africa 2017 report shows that commitments to develop Africa’s infrastructure increased to $81.6bn in 2017 from US$66.9bn in 2016.
Representatives from the Infrastructure and Partnerships Division of the African Development Bank (AfDB) and the Asian Infrastructure Investment Bank (AIIB) met in Beijing earlier this month to discuss ICA membership and potential areas of collaboration and partnership.
The ICA was invited by the Global Energy Interconnection Development and Cooperation Organization (GEIDCO) to participate in, and present the Atlas of Africa Energy Resources. to the African Energy Interconnection Research Release and Investment Forum on 4 September 2018, as part of the two-day Forum on China-Africa Cooperation (FOCAC).
The ICA visited Denmark at the end of August 2018 for discussions with the Danish Ministry of Foreign Affairs, the Investment Fund for Developing Countries (IFU) and Denmark’s Export Credit Agency (EKF).
The ICA promoted the viability of Africa’s trans-border water sector during World Water Week (WWW) in Stockholm, Sweden from 26 to 31 August 2018.
Members of the Project Preparation Facilities (PPF) network, met on 10 April 2018 in Abidjan, to share project pipeline information on Africa’s major infrastructure projects. The meeting aimed to promote synergies and collaboration by stimulating co-finacing to facilitate pooling of resources
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