INFRASTRUCTURE
No country in Africa has been spared by the COVID-19 pandemic, and the hard-fought economic gains of recent years are under threat everywhere. In fact, in 2020, the region’s GDP could contract by as much as 3.4 percent, down by over 7 percentage points from pre-crisis estimates. Improved infrastructure has rightly been among the countermeasures proposed and will be a major component of any stimulus plan, both for responding to the pandemic and for building resilience over the long term.
Projects that stimulate economic activity, create employment, bolster supply chains, and expand access to health care, sanitation, and education. From power generation, to transport, health infrastructure, ICT… a myriad of opportunities across the board from companies and business emerging from the pandemia with renew appetite to investing in the continent.
Besides, investing in infrastructure will be critical to meeting rising consumer demand as well as increased regional economic integration as a result of agreements such as the AfCFTA. Improved infrastructure will increase all social and economic indicators throughout the continent, providing jobs for the surplus of young workers, acting as a conduit for private investment, and facilitating the transport of consumer goods and services.
RELATED INTERVIEWS: INFRASTRUCTURE
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Co-operation is key to unlocking Africa’s trade potential
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