Africa’s general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020. But improved macroeconomic and employment outcomes require industry to lead growth, according to the 2019 African Economic Outlook report, launched today by the African Development Bank.
Africa’s demand for energy is steadily increasing and solutions to meet this growth have become a major concern amongst the energy sector leaders within the continent
Is there an overblown perception of risk when it comes to investing in Africa’s infrastructure? Some institutional investors are beginning to bet that attractive risk-adjusted returns can be had from Africa’s burgeoning population, economy and tremendous infrastructure needs.
To compete with China in Africa, the White House aims to encourage US investment but will continue a troop drawdown and plans a harsh re-evaluation of foreign assistance.
Debt financing is commonly tied to the use of labour from China, there is little transparency about loan conditions and money is flowing into countries with weak governance.
The inaugural Africa Investment Forum, which took place in November 2018 and was initiated by he African Development Bank, emphasised unequivocally the importance of investment, foreign and domestic, to economic development on the continent.
Africa's integration is no longer a matter of choice. Against an international backdrop of changing political and economic priorities, Africa must plot a new course for its industrialisation and economic development, using the momentum of regional integration.
Hundreds of thousands of people in sub-Saharan Africa will get access to electricity for the first time thanks to an extra £100 million of funding from the UK government. Developers of small-scale solar, wind, hydro and geothermal projects will be supported to harness each country’s natural resources.
The battle for influence on the continent between Development Finance Institutions (DFIs) and Export Credit Agencies (ECAs) from China and the United States is set to heat up over the next decade in a fierce competition that could help Africa bridge its vast infrastructure gap faster than expected.
Experts attending this years Africa infrastructure conference say the continent needs to accelerate its infrastructure development to match the continent's growing population and rapid urbanisation to achieve development goals.
