Unlocking Africa’s growth through infrastructure investment
Tuesday, January 21, 2025 | 360 Views |
Sharing insights: Ngari
The African Development Bank (AfDB) estimates that the continent will need $170bn annually in infrastructure financing by 2025. Multilateral development banks and government-backed lenders contribute significantly, with approximately $100bn to $120bn committed yearly to development projects in low- and middle-income countries. Yet, the financing gap remains substantial, leaving many critical projects underfunded.
Africa’s vast infrastructure needs, spanning sectors from energy to healthcare, cannot be met by governments alone. Innovative funding solutions, including public-private partnerships and cross-border investments, are essential to close the financing gap. Private capital, when mobilized through collaborative partnerships with export credit agencies, development finance institutions, and multilateral organizations, can play a key role in unlocking the capital needed to bridge this gap.
It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...