Atta Africa Financial Update

Executive summary
Private equity is buying African infrastructure

Africa's sovereign states can only fund about half the expected costs of infrastructure in Africa and private financing is becoming increasingly crucial.

Infrastructure spending across Africa is projected to reach US$180 billion per year by 2025 according to a report by PwC. The report was based on 95 infrastructure owners, public enterprises, funders and construction companies across the continent.

Those construction companies seeking to move into Africa are improving their competitive edge by offering to take equity in a projects - this is a trend well known to big construction players in South Africa where this is almost a requirement for participating in such projects through public-private partnerships.

AfDB to grant Zimbabwe US$108 million

 
  • African Development Bank has granted Zimbabwe US$108 million to improve water and electricity supplies