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The report of the Global Infrastructure Hub (an initiative of the group of the richest G20 countries) looked at the infrastructure needs of 10 African countries.
It notes that these countries must invest 2.000 billion dollars by 2040, if they want to meet the demand of their growing economies and populations.
If these countries maintain their current average level of investment of 4.9% of gross domestic product, this would create a deficit of financing of 42% to be filled
"African countries do not have the resources to increase infrastructure spending by their own means, even with the support of aid agencies and multilateral donor institutions", said Chris Heathcote, Managing Director of GIH, saying it is therefore essential to attract private sector investment.
Major international companies, including Bouygues, Bollo re, China Railways Construction and General Electric, are already active in the electricity, transportation and construction sectors in Africa.
"A potential funding pool for infrastructure is now ready to enter Africa in good conditions, "adding:" Pension funds hold mountains of money. They are increasingly interested in the infrastructure of emerging markets. "
However, he said that to free up this money, corruption and inefficiencies that have long scale in Africa
MG / afm / lb / te / APA
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