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<p>82-year-old President of Guinea, Alpha Conde; who has ruled the West African country for the last 10 years is seeking third term re-election at the polls this weekend. He will be contesting against a longtime rival Cellou Diallo in Sunday’s Presidential election. Achike Chude, Political Affairs Commentator and Vice Chairman of the Joint Action Front joins CNBC Africa for more.</p>


Guineans gear up for presidential elections: What’s at stake?

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<p>According to Swiss Re Institute, Sigma, the Infrastructure gap in emerging economies is projected to reach about $520 billion annually over the next 20 years. Jerome Haegeli, Group Chief Economist and Managing Director of Swiss Re says it is now more than ever important to invest in sustainable, quality infrastructure which will close access gaps and improves economic and social outcomes. Haegeli joins CNBC Africa’s Kenneth Igbomor to look at how the COVID-19 is impacting perception for infrastructure financing.</p>


How COVID-19 is impacting perception for infrastructure financing

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<p>When it comes to infrastructure financing, Africa is still doing catch up with the rest of the world but according to thought leaders at the Africa 50 summit, the issue is not finance but rather bankable projects. CNBC Africa&#8217;s Arnold Kwizera caught up with CEO of Africa 50 Alain Ebobissé for more.</p>


Africa 50 CEO Alain Ebobissé on bridging the infrastructure financing gap in Africa

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<p>Last year, China pledged $60 billion in loans to Africa with the amount raising eye brows in some countries that felt they were falling into a debt trap, a fact that has been refuted by leaders on the continent, CNBC Africa&#8217;s Arnold Kwizera caught up with Africa Development Bank (ADB) President Akinwumi Adesina for more.</p>


Is Africa falling into a debt trap?

<p>* Countries require $2.4 tln to meet needs, U.N. goals</p>
<p>* Investments fall short under current trend</p>
<p>* Fighting corruption, reforms key to attracting capital</p>
<p>By Joe Bavier</p>
<p>JOHANNESBURG, July 3 (Reuters) &#8211; A group of 10 African nations, including some of the continent’s rising economic stars, will fall $1 trillion short of the infrastructure financing required to meet U.N.ited development goals by 2040, a study released on Tuesday found.</p>
<p>The report by the Global Infrastructure Hub (GIH) of the G20 wealthy and developing nations exposes the challenges facing one of the world’s least developed regions. But it also highlights the opportunities for investors willing to take the plunge.</p>
<p>“Africa is a fascinating continent for investors,” GIH Chief Executive Chris Heathcote told Reuters. “They’re not saying ‘Am I going to Africa?’. They’re saying ‘I am going to Africa. I want to go to Africa. Which country should I go to?’”</p>
<p>The GIH report focuses on Morocco, Ethiopia, Ivory Coast, Senegal, Egypt, Ghana, Tunisia, Benin, Guinea and Rwanda &#8211; all participants in the G20’s ‘Compact with Africa’ initiative, which aims to channel investment to the continent.</p>
<p>To keep pace with success stories such as Vietnam in terms of developing roads, railways, airports, sea ports, electricity, water and physical telecommunications infrastructure these nations will require investments of $2 trillion through 2040.</p>
<p>Meeting the U.N. Sustainable Development Goals, which call for universal access to power and water by 2030, would require $383 billion in additional investment, the study found, bringing the total to around $2.4 trillion.</p>
<p>If they maintain their current average investment level of 4.9 percent of gross domestic product, that would leave the 10 countries with a 42 percent funding gap to fill.</p>
<p>African nations do not have the resources to ramp up infrastructure spending on their own, even with backing from aid agencies and multilateral donor institutions, Heathcote said, and so attracting private sector investment is essential.</p>
<p>Major international conglomerates including Bouygues , Bollore, China Railway Construction Corp and General Electric are already active in African power, transportation and construction.</p>
<p>A pool of potential infrastructure financing was now poised to enter Africa under the right conditions, Heathcote said.</p>
<p>“There is a wall of money being held by the pension funds. They are looking more and more at emerging market infrastructure,” he said.</p>
<p>Unleashing that money, however, will require clamping down on the corruption and inefficiencies that have long hindered large-scale investment in Africa.</p>
<p>Heathcote points to Rwanda, where private investment represents two thirds of infrastructure spending, as an example of how it can be done right.</p>
<p>“They worked out that if you run transparent processes, if you have clear regulation that allows you to understand what your outcomes are likely to be in the long-term in your contracts, then investors will look very seriously at you.” (Reporting by Joe Bavier Editing by Edmund Blair)</p>


Why ten African countries could fall short of $1 trillion infrastructure financing

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<p>According to John Macomber, a senior lecturer at Harvard Business School, infrastructure deficit exists on the African continent because capital is not efficiently matched to infrastructure projects.</p>


Financing Africa’s infrastructure

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<p>According to one of Nigeria&#8217;s top dancers, Kaffy; dancers will soon become the mainstay of the country&#8217;s entertainment industry but how has this industry evolved over time in Nigeria? Kaffy, Nigerian Dancer, Choreographer and Founder of the Imagento Dance Company joins CNBC Africa for this discussion.</p>


Dancers are to rule Nigeria’s entertainment industry – Kaffy

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<p>CNBC Africa&#8217;s Christycole Popoola spoke to Solomon Asamoah, CEO of the Ghana Infrastructure Investment Fund about how best to structure infrastructure investment transactions in Africa.</p>


Structuring infrastructure transactions in Africa

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<p>Nigeria&#8217;s Home grown school feeding program aims to feed 24 million children in schools across the country. With 70 Naira per child a day, the government hopes to increase enrolment in primary schools and improve nutrition.</p>


Is Nigeria’s school feeding programme sustainable?

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<p>Successful development and infrastructure financing in Africa require collaborative efforts of the government, private investors and entrepreneurs, who must put forward bankable projects.</p>


What is a bankable project in Africa?

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<p>Philip Southwell, the chairman of the investment committee at Chapel Hill Denham Management says the infrastructure financing opportunity in Nigeria is huge. CNBC Africa&#8217;s Wole Famurewa spoke to him.</p>


infrastructure financing

Guineans gear up for presidential elections: What’s at stake?

How COVID-19 is impacting perception for infrastructure financing

Africa 50 CEO Alain Ebobissé on bridging the infrastructure financing gap in Africa

Is Africa falling into a debt trap?

Why ten African countries could fall short of $1 trillion infrastructure financing

Financing Africa’s infrastructure

Dancers are to rule Nigeria’s entertainment industry – Kaffy

Structuring infrastructure transactions in Africa

Is Nigeria’s school feeding programme sustainable?

What is a bankable project in Africa?

Chapel Hill Denham’s Philip Southwell talks infrastructure financing in Nigeria

News Tips

Advertise With Us

infrastructure financing

Guineans gear up for presidential elections: What’s at stake?

How COVID-19 is impacting perception for infrastructure financing

Africa 50 CEO Alain Ebobissé on bridging the infrastructure financing gap in Africa

Is Africa falling into a debt trap?

Why ten African countries could fall short of $1 trillion infrastructure financing

Financing Africa’s infrastructure

Dancers are to rule Nigeria’s entertainment industry – Kaffy

Structuring infrastructure transactions in Africa

Is Nigeria’s school feeding programme sustainable?

What is a bankable project in Africa?

Chapel Hill Denham’s Philip Southwell talks infrastructure financing in Nigeria

News Tips

Advertise With Us

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