Africa's infrastructure deficit creates economic opportunity
Friday, October 22, 2010
Speaking at the Gordon Institute of Business Science Business of Africa conference in Johannesburg, Maia said that some $93-billion a year was needed to build infrastructure in sub-Saharan Africa alone.
With the region expected to show economic growth of 5,5% a year over the next five years, the development of infrastructure creates a wealth of opportunity.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...