Infrastructure plays a vital role in Africa’s economic growth, and building quality into every stage of the life-cycle of projects is essential if investment in infrastructure is to have a positive impact on the economic development of the continent and its citizens.
The Infrastructure Consortium for Africa’s flagship annual report Infrastructure Financing Trends in Africa 2015 shows that $83.4bn was committed to Africa’s infrastructure development in 2015, a 12% increase on investments committed in 2014.
Members of the Infrastructure Consortium for Africa (ICA) gave their full support this week to helping Africa achieve its target of 300GW of power from renewable energy by 2030, suggesting that it could be the ‘game changer’ that unlocks Africa’s energy potential and drives economic growth.
Published today, the Infrastructure Financing Trends in Africa 2014 report shows that over $74bn was committed in 2014 to the development of Africa's infrastructure, and that disbursements by ICA members reached a record level of $13bn.
More than two-thirds of the population of sub-Saharan Africa is without electricity, and more than 85 percent of those living in rural areas lack access. Today the United States of America announced...