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Financing Africa’s Infrastructure Gap

Accoridng to an article published on The African Business Review, Africa suffers from a critical shortage of infrastructure. Its infrastructure coverage lags behind other developing countries, with power deficits presenting the biggest infrastructure challenge. The infrastructure deficit prevents Africa from reaching its full economic potential.

Doubling existing infrastructure investment levels – about US$50 billion a year – will be a significant challenge. In most countries, especially oil importers, domestic resources are constrained by low savings rates, a narrow tax base, ineffective budget administration, and under-developed capital markets. In the aftermath of the global financial crisis, the prospects for increases in traditional official aid are bleak. Infrastructure financing from emerging markets is growing, but remains largely unpredictable.

Read more on The African Business Review

By Mthuli Ncube

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EuropeLogo eInfastructure This project has received funding from the European Union's Seventh Framework Programme for research, technological development and demonstration under grant agreement no 313203
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