The 2017 Africa Finance Corporation (AFC) Live is Africa’s premier infrastructure investment summit, which attracted over 600 leading thinkers from government, academia, business and finance to Lagos in May 2016; fuelling debate on the opportunities and challenges of investing in Africa’s infrastructure. An overview of the summit providing ground-breaking views from speakers engaged in discussions relating to project development best practices, policy and technical outlooks and the role of governments, NEPAD and development finance institutions in bridging the enormous financing gap for the continent.
Source: CNBC Africa
The first ordinary session of the African Union’s Specialized Technical Committee (STC), on transport, transcontinental and interregional infrastructures, energy and tourism which began on 13 March ended on Friday 17 March 2017 in Lomé Togo. The Ministerial segment was opened by Togolese Prime Minister Mr. Komi Sélom KLASSOU. As the host country of this meeting, Togo was elected to head The Specialized Technical Committee for the coming 2 years.
Source: Eco Conscience TV
Africa’s infrastructural development has been identified as being central to boosting economic growth & creating jobs. And this discussion topped the agenda on the sidelines of the just concluded 10th Annual Africa Development Week in Dakar, Senegal. The African continent however faces a gaping infrastructure financing deficit, and it will need to work with development partners to fast track its economic growth. This meeting comes just ahead of the One Belt One Road Initiative summit to be held in Beijing, China, where Africa is expected to feature in the discussions. This week Talk Africa engages some of the continents’ leading minds in trying to find a solution to the infrastructural funding gap.
Source: CGTN Africa
The 2017 edition of the African Development Week presents an opportunity for the United Nations and African Union to dialogue on ways of advancing Africa’s development agenda. On this Highlights special we discuss integration, a single currency and using land to unlock economic growth.
African countries were on a drive to boost infrastructure and road networks on the continent in 2016. Ethiopia made huge strides this year with the inauguration of a new railway line, linking the capital, Addis Ababa with Djibouti in October. The 750 kilometer line was built at a cost of 4 billion US dollars with help from China. The country wants to have 5,000 kilometers of new rail lines by 2020 to boost the economy by improving transport.
Energy and transport sector projects dominate the East Africa market and present substantial opportunities, with the built environment in the region contributing 20 percent of the continent’s infrastructure construction and deals. This interview with stakeholders outlines trends in East Africa, the role of Chinese investments and challenges to obtain affordable capital due to high transaction costs.
Source: CNBC Africa
Reports suggest that a number of investors are keen to put their money into infrastructure projects in Africa. However many governments are unable to develop convincing proposals to tap into the funding. The new partnership for Africa’s development or NEPAD, has now set out on mission to fill in this gap. CCTV’s Girum Chala spoke to NEPAD’s CEO, Ibrahim Mayaki about this initiative.
Source: CGTN Africa
The AUC signed a five-year action plan with the People’s Republic of China in 2015 to advance the development of the flagship project of Africa’s continental Agenda 2063. The integrated high-speed rail network aims to promote economic development and cooperation in transportation, with an ultimate ambition of connecting all capitals across the continent. The 656 km Ethiopia- Djibouti electric cross-border railway is the first of its kind in Africa and forms the basis of discussions on this Talk Africa episode, with various stakeholders sharing perspectives on developments in railway infrastructure.
Source: Talk Africa
The meeting, which was held alongside the AfDB’s annual meetings in 2016, focused on the critical role that the private and public sectors ought to consider in de-risking the PIDA projects and thereby creating a platform to promote implementation thereof. The CBN was launched in June 2015 in response to the instruction by African Union Heads of State and Government to assimilate private sector expertise and leadership into crucial continent-wide infrastructure projects
Source: Africa Investor