A lack of access to capital is standing as a major roadblock to project implementation or expansion in developing countries, the Georgetown University Africa Business Conference heard this month.
According to the World Bank, about $93 billion is needed per year to fill the infrastructure gap in sub-Saharan Africa. In 2015, about $83.4 billion was committed to infrastructure development ($74.5 billion in 2014) on the continent, according to Infrastructure Financing Trends, a report published by Infrastructure Consortium for Africa.
Experts shared their views on how the future of finance, managing currency risks, and public-private partnerships would affect business and governance in African countries. Devex talked with some of them about how international development organizations can best work to successfully implement their projects in the continent.
About the author
Jennifer Piettedisgeneration
Jennifer Ehidiamen is a Nigerian writer who is passionate about communications and journalism. She has worked as a reporter and communications consultant for different organizations in Nigeria and overseas. She has an undergraduate degree in mass communication from the Nigerian Institute of Journalism, Lagos, and M.A. in business and economics from Columbia University Graduate School of Journalism, New York. In 2014, she founded Rural Reporters (www.ruralreporters.com) with the goal of amplifying underreported news and issues affecting rural communities.
