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Browsing: Africa infrastructure financing
- One in five people in Africa suffers from hunger.
- With the rising population, action is necessary to ensure access to healthy and sufficient food.
- AfCFTA can serve as a strong incentive for farmers and other participants in agri-food value chain.
Africa’s population is expected to hit two billion by 2050 yet her food security systems remain a fleeting mirage largely due to delayed financial commitments. Granted, in the past two decades, most African governments have placed great emphasis on transforming their food systems but it progress has been rather slow.
Financing of food systems
Currently one in five people in Africa suffers from hunger. And with a population of 1.1 billion people, it is imperative to take immediate action to ensure access to healthy and sufficient food by 2050. So how will Africa achieve this momentous goal? Experts say all the moving parts are in place, all except one, the …
Africa has abundant natural resources and holds immense opportunities for investors to unlock its full potential.
According to the International Monitory Fund (IMF), Africa’s hardwon economic gains for the last two decades which are critical in improving living standards can be reversed from the impacts of the pandemic.
The scope for growth through large public investment programs is limited by the uncertain outlook for international aid and the high public debts levels. In its statement, the IMF notes that if countries in the region are to enjoy a strong recovery and avoid stagnation, Africa’s private sector will have to be more involved in economic development.
According to IMF, the private sector should be involved in both social (health and education) and physical (roads and electricity) infrastructure.
“Africa’s infrastructure development needs are huge—in the order of 20 per cent of GDP on average by the end of the decade. How can …
The Eastern and Southern African Trade and Development Bank (TDB) and the Korean Overseas Infrastructure & Urban Development Corporation (KIND), have signed a memorandum of understanding to cooperate on infrastructure financing in the region.
KIND is a newly established organization by the Korean Government to proactively support global public-private partnerships and infrastructure and urban development for sustainable growth in emerging markets, with the Africa office headquartered in Nairobi.
KIND President and CEO Kyong-goo Hur noted that since the world is facing drastic climate changes and rapid urbanization today, the need for infrastructure investment is emerging greater than ever with the gap between infrastructure demand and supply hardly to be filled in the near future.
“The highest priority, therefore, has been attached to infrastructure investment not only in Korea but also in other numerous countries on this globe,” President Kyong-goo added.
Furthermore, KIND is now ready to serve as a facilitator …