Mmegi

Unlocking Africa’s growth through infrastructure investment

Sharing insights: Ngari
Sharing insights: Ngari

Africa's transformative future requires resilient, sustainable infrastructure, says Managing Director and Chief Executive Officer, Standard Chartered Kenya and Africa, Kariuki 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.

Editor's Comment
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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