African leaders back major infrastructure initiative

Expecting a rise in the demand for infrastructure in Africa, the region’s leaders have launched a major initiative to construct more transportation, energy and information technology facilities, among others, through 2040.

The multibillion-dollar Program for Infrastructure Development in Africa was endorsed Feb. 1 by Africa leaders meeting for their annual summit in Ethiopia. PIDA is a joint initiative of the African Development Bank, the African Union and the New Partnership for African Development Planning and Coordination Agency. The program is designed to enhance the region’s physical integration, boost regional trade and raise Africa’s global competitiveness.

One of PIDA’s key features is its Priority Action Plan, a set of short-term goals that covers 51 regional and continental infrastructure projects to be implemented by 2020. The program also outlines medium-term goals with a 2030 deadline and long-term targets to be achieved by 2040.

There is no definite timetable yet for the projects or detailed description of expected activities as actual implementation of PIDA still needs to be deliberated.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.