Africa Infrastructure Investment Managers (AIIM) is investing $31m (€27m) for a minority stake in solar systems business to help expand off-grid solar electricity into parts of east and central Africa.
To date, African nations have relied overwhelmingly on public funding to build their current infrastructure layer. But if Africa ever hopes to bridge its massive infrastructure gap, it needs to let in more private investment.
The African Development Bank is to invest up to US$ 25 million in the Africa Renewable Power Fund (ARPF), a US$ 250 million private equity fund for renewable energy projects across Sub-Saharan Africa. ARPF will provide equity for the development and construction of 10 to 15 greenfield renewable energy projects in Sub-Saharan Africa, adding approximately 533MW of installed energy generation capacity from renewable sources in the region.
Carbon should be priced into infrastructure projects, not only to help protect the environment but also to attract more private money towards filling the world’s one trillion dollar-a year infrastructure gap.
Infrastructure is key to achieving the robust economic growth, and to enable emerging market economies to make the most of their opportunities.
Africa’s general economic performance continues to recover and 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, launched today by the African Development Bank.
Africa’s demand for energy is steadily increasing and solutions to meet this growth have become a major concern amongst the energy sector leaders within the continent
China is Africa's biggest trade partner and is helping to develop the continent's infrastructure.
Is there an overblown perception of risk when it comes to investing in Africa’s infrastructure? Some institutional investors are beginning to bet that attractive risk-adjusted returns can be had from Africa’s burgeoning population, economy and tremendous infrastructure needs.
Linking economic and security interests to investment will make more funds available.
To compete with China in Africa, the White House aims to encourage US investment but will continue a troop drawdown and plans a harsh re-evaluation of foreign assistance.
East African countries’ increasing restrictions on foreign investments are being blamed for the decline in foreign inflows into the region.
China and the US are battling for ascendancy in sub-Saharan Africa albeit with their very different approaches.
Debt financing is commonly tied to the use of labour from China, there is little transparency about loan conditions and money is flowing into countries with weak governance.
The inaugural Africa Investment Forum, which took place in November 2018 and was initiated by he African Development Bank, emphasised unequivocally the importance of investment, foreign and domestic, to economic development on the continent.
Africa's integration is no longer a matter of choice. Against an international backdrop of changing political and economic priorities, Africa must plot a new course for its industrialisation and economic development, using the momentum of regional integration.
Beijing signals new approach as concern grows over misguided ‘vanity projects’.
Hundreds of thousands of people in sub-Saharan Africa will get access to electricity for the first time thanks to an extra £100 million of funding from the UK government. Developers of small-scale solar, wind, hydro and geothermal projects will be supported to harness each country’s natural resources.
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