Poor and insufficient infrastructure remains one of Africa’s starkest development challenges. Despite the continent’s sustained growth and rapid urbanisation rates, its infrastructure investment deficit remains staggeringly high: $50bn annually, according to the African Development Bank.
Despite the growing appetite for African market risk in global companies that was on display at last summer’s US-Africa Leaders’ Summit, many firms remain squeamish about the greenfield risk that infrastructure projects often entail. Africa’s development partners must innovate to act as effective bridges to increased investment. The African Export-Import Bank (Afreximbank), a Pan-African trade finance multilateral organisation headquartered in Cairo, is quietly pioneering this effort. Read more . Source | beyondbrics