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Private sector investment in Africa’s infrastructure in 2020 stands at $19bn —AfDB | The Guardian Nigeria News - Nigeria and World News

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The African Development Bank (AfDB), said private sector investment in Africa’s infrastructure in 2020 was 19 billion dollars, the highest since 2016.

Mr Solomon Quaynor, AfDB Vice President for the Private Sector, Infrastructure and Industrialisation said this at a webinar organised by the bank and the Japan International Cooperation Agency .

“Private sector investment in Africa’s infrastructure rose to 19 billion dollars in 2020, representing 23 per cent, the highest since 2016. 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.

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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