Infrastructure Africa’s Post

On the sidelines of this week's Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group have formalised a new Financial Framework Partnership Agreement to boost investments in infrastructure projects in Africa.  Between 2021 and 2027, through the Africa-EU Global Gateway Investment Package, the EU will support the African continent with €150 billion worth of investments. Strong and sustainable infrastructure projects supported by this ambitious package will activate private funds though public-private partnerships and contribute to build a better future for Africa, for its youth and for EU / Africa cooperation.

It was great to join the Inter-American Development Bank last week to discuss institutional settings for long term infrastructure strategy and investment. I am looking forward to a similar discussion with the Solomons Island Government in a week’s time. The challenges for infrastructure delivery and institutional design is similar for small island developing states, whether in the Caribbean or Pacific. While not all experience from Australia and New Zealand is relevant, there are positive examples of system maturity and the solutions to the challenges of remote project delivery. #SIDS #infrastructure Martin Locke

I had a highly productive meeting with the Multilateral Cooperation Center for Development Finance (MCDF) to explore opportunities for collaboration on promoting sustainable infrastructure across Africa. Our discussions focused on key areas such as project preparation and capacity building, with a particular emphasis on aligning our efforts to support critical infrastructure initiatives like the Programme for Infrastructure Development in Africa (PIDA). PIDA aims to address Africa's $170 billion annual infrastructure gap, which is crucial for fostering regional integration and economic transformation. One of the key outcomes of the meeting was our commitment to pool resources and expertise to accelerate the preparation of a portfolio of bankable PIDA and CMP projects. Additionally, we emphasised the importance of technical assistance in areas such as environmental and social impact assessments, risk mitigation, and enhancing the appeal of infrastructure projects for both private and public investors. This collaboration strongly aligns with Agenda 2063, the African Union’s blueprint for the continent’s sustainable transformation. By focusing on high-quality, cross-border infrastructure and connectivity, we aim to advance several of Agenda 2063’s key aspirations, particularly Aspiration 1: a prosperous Africa based on inclusive growth and sustainable development, and Aspiration 2: an integrated continent, politically united and based on the ideals of Pan-Africanism. Through this partnership, we will contribute to the long-term goal of creating a world-class infrastructure that will transform Africa's socio-economic landscape.

[CATCH UP] Connecting Africa: Lessons from private sector participation projects. Transnet SOC Ltd Africa’s infrastructure financing gap is estimated to be around $100 billion according to the African Development Bank. Reducing this financing gap does not only require funding and political will but collaboration across multiple sectors. This panel discussion invites industry experts to discuss lessons from private sector participation projects across the continent and how they can catalyze Africa's infrastructure development. 🔗 https://brnw.ch/21wNllU #ConnectingAfrica2024 #TransnetAfricaConnect

#ICYMI: Africa's infrastructure has to potential to attract foreign direct investment. The challenge falls on African countries to put forth bankable projects. This Focus On delves deeper on what infrastructure gaps need to be addressed and what governments from different regions can do to ease potential infrastructure investment risks https://brnw.ch/21wKc3E. #USAfricaBusinessSummit2024

BILATERAL | Minister of Public Works and Infrastructure, Dean Macpherson, along with his delegation and the Bank of China, hosted a roundtable discussion with industry players and financial institutions to discuss support for the current project pipeline and emerging projects. The session was well attended by over 10 organisations spanning different sector interests and financing priorities. Infrastructure South Africa is proud to have been part of these crucial discussions, which are essential for attracting financial support and investment for sustainable infrastructure development. | Department of Public Works and Infrastructure #SAInChina #BilateralRelations #LetsBuildSA #LetsGrowSA

The United States has made new financing commitments totaling $360 million towards the construction of the #Lobito corridor. The funding will come from the (U.S. International Development Finance Corporation as a facility for the Africa Finance Corporation (AFC) to aid in the development of infrastructure projects throughout Africa. #USInvestment #LobitoCorridorDevelopment #InfrastructureFinancing #AfricanDevelopment #DFCInitiative #AFCPartnership https://lnkd.in/dxCjeEdT

In a new article for the Carnegie Africa Program, Katie Auth identifies ways in which the U.S. can make real progress on its commitment to investing in infrastructure projects in African countries. In this analysis, Auth first examines the reasons why global counterparts—particularly those in Africa—might be skeptical about the announcement of new U.S. infrastructure (and investment) initiatives and then she recommends steps to take to turn the various promises into actual commitments. Read the full analysis here: https://lnkd.in/eKkk_GbC

[RBIDZ DIARY: Looking Forward:INFRASTRUCTURE AFRICA - 16 - 17 July 2024, CTICC] The RBIDZ SEZ acknowledges the importance of infrastructure development as the key driver for sustainable investments and industrialisation; as such will partake in the upcoming IA in Cape Town. #InvestRBIDZ #RBIDZInvolved #RBIDZSEZ #InfrastructureDevelopment #SustainableDevelopment #EconomicGrowth Infrastructure Africa Muzi Shange @Tracey Morton Choice N Sihiya

📢 RES4Africa and IFC - International Finance Corporation’s second Position Paper on Promoting Private Sector Participation in Africa’s Power Grids is out 📑 📚 This joint effort builds from the insights gathered during the second session of the Development Partners Forum held on June 19th, 2023, a platform that aims to facilitate cooperation among development partners, public institutions, and private sector entities in #Africa. It shares case studies and best practices on private involvement in transmission infrastructure projects. 🌍💡 Exploring four pivotal themes—financing, payment mechanisms and credit enhancement, enabling environment, and showcasing successful examples— the paper offers valuable lessons from participant expertise, advancing discussions from the previous workshop and outlining future directions. 📊 👥 Access the full paper here 👉 https://bit.ly/4bD1dWS For further context, you can refer to the first paper here 👉 https://bit.ly/3SB76eB