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Two studies produced for the G20 highlight the lack of capital in Africa's infrastructure and the governance deficits that slow down investment.
Commissioned by the G20, two studies published on July 3 by Global Infrastructure Hub confirm that the account is not there to fill the African deficit in terms of infrastructure. The first study analyzes needs in this area, by 2030, in Benin, Côte d'Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Senegal, Senegal, Tunisia and Rwanda
According to current trends, they will miss 356 billion euros to achieve the United Nations Sustainable Development Goals (SDGs) for universal access to electricity, water drinking water and sanitation. In these ten countries, 40% of the population is deprived of electricity, 53% of sanitation and 59% of drinking water.
If we take the 2040 horizon, it is 860 billion euros that will be missing out of the $ 2.1 trillion needed to meet the needs of accelerating economic and demographic growth, while achieving the SDGs.
The most populous countries are the most deficient
Not surprisingly, the most populous countries that are the most deficient. For example, Ethiopia needs 695 billion euros, of which 311 billion are missing, and Egypt, 580 billion, knowing that 198 billion could fail it.
Attracting private sector investment in countries remains a major challenge
The second report estimates that more and more investors are looking for investment opportunities in emerging countries. But Chris Heathcote, CEO of Global Infrastructure Hub, believes that "attracting private sector investment to African countries remains a major challenge."
The Solution? "Create the right environment to encourage their interests in action". This means, once again, that Africa has great progress to make in the area of governance and legislative and regulatory frameworks to reassure investors on the successful completion of their projects.
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