Infrastructure needs in sub-Saharan Africa Estimated at $100 billion annually-World Bank

By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Infrastructure needs in sub-Saharan Africa are estimated at $100 billion annually, according to the World Bank.

The World Bank said while private investment has been robust, with the heaviest concentration of funds going to South Africa and focused largely on telecommunications, the funding gap remains at $31 billion.

Attempts will be made to address the issue at a proposed live discussion titled ‘’Reducing the Perceived Risk of Investing in Africa’s Infrastructure’’.

Makhtar Diop, World Bank Vice President and Donald Kaberuka, African Development Bank President will lead the live chat in Kigali Rwanda.

‘’ Is the risk to investors, or the perception of risk, hampering Africa’s infrastructure needs?’’ World Bank queried.

According to the World Bank, analysis points to a high perception of risk as one of the major challenges for investment.

Is the risk real? What does the data tell us? Who are Africa’s emerging investors and what are the challenges facing foreign investors? These are some of the questions a distinguished gathering of project developers, bankers, investors, policy makers and development partners will attempt to provide answers to whether the risk to investing in Africa’s infrastructure is real or perceived.

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