Tight economy, big opportunity draws private sector investment in Africa’s infrastructure
A new World Bank report shows that the rise of private participation is driving infrastructural developments in Africa at a time when economic headwinds have strained national budgets meant for development. The report, ‘Private Participation in Infrastructure (PPI) 2022’, shows that the number of projects and countries benefitting from private participation in infrastructure has risen to a record high. “This can be attributed to the flow of investment levels surging in Africa during the pandemic when more popular investment regions such as East Asia and the Pacific and Latin America and the Caribbean were facing the brunt of the crisis,”…
