Unlocking Public and Private Finance for African Infrastructure

  • Date: 13 July 2015, 10:00am - 12:30pm
  • Location: Elilly Mars Hall

Organised by

  • Sustainable Development Solutions Network (SDSN)
  • NEPAD Agency

Summary

A key priority for Addis is to close the gap in access to core infrastructure services, including safe water and sanitation, transport, connectivity, and modern energy services.

The New Partnership for Africa’s Development (NEPAD) has already identified the most important Africa infrastructure needs within the context of the Programme for Infrastructure Development in Africa (PIDA). A high priority for the FfD outcome should be global support to complete the PIDA agenda, including large-scale investments in power, roads, rail, ports, broadband, and other core regional infrastructure needs. Specifically, PIDA has highlighted 16 high-priority projects at the Dakar Financing Summit, which should be fast-tracked by governments and the private sector.

Note that with the emergence of the new Asian Infrastructure Investment Bank (AIIB), Asia will soon have a massive infusion of new financing for Asian Infrastructure. Should a similar initiative be launched for Africa? Given that Africa’s infrastructure gaps are even larger than those of Asia, what are the envisioned solutions by the continental actors, such as the AfDB and the NEPAD Agency? How to support the efforts already deployed in such a specific context?

Finally, new infrastructure investment platforms that crowd in private capital from institutional and sovereign investors will need to be identified, structured, and elevated quickly for Africa’s infrastructure gap to be filled.

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