THE African Development Bank (AfDB) estimated it would finance up to ZAR10bn in infrastructure projects in the next three years, with the energy sector central to this, a bank official said yesterday.
Research by the World Bank- aligned Infrastructure Consortium for Africa last year showed sub-Saharan Africa needed to double its infrastructure spending to 93bn a year to upgrade roads, water and power networks. Poor infrastructure has been a great impediment to economic growth in the world’s poorest continent.
http://www.businessday.co.za/articles/Content.aspx?id=94358
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