The battle for influence on the continent between Development Finance Institutions (DFIs) and Export Credit Agencies (ECAs) from China and the United States is set to heat up over the next decade in a fierce competition that could help Africa bridge its vast infrastructure gap faster than expected.
Experts attending this years Africa infrastructure conference say the continent needs to accelerate its infrastructure development to match the continent's growing population and rapid urbanisation to achieve development goals.
The current low levels of infrastructure on the continent pose one of the biggest challenges to Africa’s industrialisation and development agenda.
Accelerating solutions to Africa’s infrastructure gaps must be taken seriously if Africa is to realise the aspirations of its people.
ECA assures private sector investors that dependable mechanisms have been established to facilitate and safeguard investment in transboundary projects across Africa.
Addressing Africa's infrastructure gap remains an imperative that African governments should continue to take seriously if the continent is to realise the aspirations its people as enshrined in the continent's blueprint for development, Agenda 2063 and the global agenda for sustainable development.
Poor governance is resulting in infrastructure projects failing to meet their time-frame, budget and service delivery objectives.
Smart infrastructure investments underpinned by solid governance mechanisms and strategic partnerships will be crucial to accelerating Africa’s regional connectivity and integration.
While governments are happy to be wooed by multibillion-dollar loans and large-scale infrastructure investment, feelings on the streets are less warm.
The Board of Directors of the African Development Bank has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM).
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.
The Africa Investment Forum ended Friday with some 45 deals worth over US$32 billion set in motion with secured investment interest, and a promising emphasis in the continent’s Lusaphone nations.
The Africa Investment Forum that was organised recently by the African Development Bank (AfBD) ended on a high note with the closing panel comprising heads of Development Finance Institutions (DFIs) unanimously lauding the unique initiative, calling it an exceptional gathering that “exceeded all expectations.”
China is a good development partner for Africa and concern about the abundance of Chinese lending to African nations is overblown says the President of the African Development Bank Akinwumi Adesina.
African Development Bank (AfDB) president Akinwumi Adesina has paid tribute to African leaders for embracing the continent’s economic growth project, saying that this will go a long way in attracting tangible investment for the continent.
As the continent restructures its debt, shifting global trade relations, Africa’s rising incomes and young demographics, make investment in African infrastructure increasingly attractive.
Le Consortium pour les infrastructures en Afrique (ICA par acronyme anglais) a annoncé, mercredi 7 novembre 2018, que les financements engagés pour le développement des infrastructures en Afrique ont augmenté de 22 % en 2017.
Le rapport 2017 du Consortium pour les infrastructures en Afrique (ICA) sur les Tendances de financement des infrastructures en Afrique est révélateur. Les engagements en faveur du développement des infrastructures sur le continent ont connu une hausse de 81,6 milliards de dollars en 2017 contre 66,9 milliards de dollars en 2016.
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