AfDB: Private sector investment in Africa’s infrastructure in 2020 stands at $19 billion

The panelists were Rami Ghandour from Metito, Tshepidi Moremong from Africa 50, Vuyo Hlompho Ntoi from African Infrastructure Investment Managers, and Yoshio Kushiya from Sumitomo Corporation.

They were joined by representatives of leading development finance institutions, JICA’s Shohei Hara, Mike Salawou from the AfDB, and Sue Barrett, the Director, European Bank for Reconstruction and Development. The panelists shared perspectives, success stories and the challenges they faced to plug Africa’s estimated 67 billion dollars to 107 billion dollars annual infrastructure gap.Mittal said that four African countries accounted for the majority of private sector investment interest over the past two years.He said digital activities in transportation and electricity received the highest interest.According to him, the slow development of local talent is another drawback.

However, Tshepidi Moremong said Africa 50’s robust pipeline in its priority sectors were ample proof that the continent had bankable projects.She said that the group’s experienced investment team worked closely with development finance institutions and commercial banks, to ensure that their bankable projects continued.

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