Infrastructure development
Infrastructure development is a key driver for progress across the African continent and a critical enabler for productivity and sustainable economic growth.
Infrastructure contributes significantly to human development, poverty reduction, and the attainment of the Millennium Development Goals (MDGs).
Investment in infrastructure accounts for over half of the recent improvement in economic growth in Africa and has the potential to achieve even more.
The Need For Infrastrcuture
For Africa, the need for adequate infrastructure—secure energy, efficient transport, reliable communication systems, resilient sanitation, and affordable housing—is particularly apparent.
Africa’s vast infrastructure deficit is a constraint on its growth, but also an opportunity to leapfrog to new, more efficient technologies.
As Africa becomes more urbanized, public goods will become easier and cheaper to deliver to a more geographically concentrated population.
The Challenge
The Challenge
Key challenges will be to supply the burgeoning population with reliable electricity, affordable housing, and transport infrastructure, though these industries will also create new jobs.