Africa needs approximately $94 billion per annum of backbone infrastructure over the next 10 years, including the provision of at least 7,000 MW in power per year just to keep pace with growing demand. While public players like the African Development Bank, International Finance Corporation and European Investment Bank have increased their infrastructure focus, they mostly come into a deal at financial close and primarily with debt financing. This does not address many of the constraints limiting quality delivery of infrastructure for the continent. Fragmentation of priority projects, disjointed strategic infrastructure planning, project identification, fund allocation and development between governments and private sector reduce the critical mass and partnerships to deliver the scale of investment necessary to mobilize institutional money. Africa Strategic Infrastructure Initiative: A Principled Approach to Infrastructure Project Preparation Facilities Report discusses amendments to project financing in Africa, from concept to operation.
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