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Mega project financing in Africa still a major challenge, report
A section of the ongoing expansion of Outering Road. In many African countries government policies and financial markets challenges are hindering potential investors from investing in infrastructural projects, says the report dated May 2017. file photo | nmg
Raising funds for infrastructure development is difficult in many African countries, but slightly easier in Kenya than in most sub-Saharan African countries, but the country is yet to reach the level of eight other countries in the sub-region.
South Africa and Nigeria, who have a more developed infrastructure financing framework, are the leading in SSA along with Mauritius, Rwanda, Tanzania, Ghana, Botswana and Ethiopia. This is according to a report by Africa Finance Corporation (AFC) and The Boston Consulting Group (BCG) titled Infrastructure Financing in sub-Saharan Africa.
