It has been estimated that the #infra needs in #Africa exceed US$93 billion per year over the next decade, an amount equivalent to roughly 15 percent of the region’s GDP. But less than half that amount is being provided: actual investments in Infrastructure amount to US$45 billion annually—with more than half being funded by the Public sector. This leaves a financing gap of US$48 billion per year.
We will be joining Wolfgang Schäuble, German Federal Minister of finance and partners at the “G20 Africa Partnership – investing in a Common Future” conference to be held in Berlin today. We will discuss the Compact with Africa initiative and how we can increase private investment in the region: http://wrld.bg/IrUv30cwht1 #G20Germany
