Infrastructure News - Page: 4
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.
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.
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