Transcription of AFRICA’S INFRASTRUCTURE: GREAT POTENTIAL BUT LITTLE …
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AFRICA’S INFRASTRUCTURE: GREAT POTENTIAL BUT LITTLE …
AFRICA'S. INFRASTRUCTURE: GREAT POTENTIAL . BUT LITTLE IMPACT ON. 3. INCLUSIVE GROWTH. KEY MESSAGES. A. frica must industrialize to end poverty and to generate employment for the 12 million young people who join its labor force every year. One of the key factors retarding industrialization has been the insufficient stock of productive infrastructure in power, water, and transport services that would allow firms to thrive in industries with strong comparative advantages. New estimates by the African Development Bank suggest that the continent's infrastructure needs amount to $130 170 billion a year, with a financing gap in the range $68 $108 billion.
sector in advanced economies and central banks, institutional investors such as insurance compa- ... with great success in Bangladesh, Cambodia, Ethiopia, Mauritius, Rwanda, and Vietnam. The ... Africa has a compelling case for accelerating infrastructure development. First, …
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