Funding African Development - May 28, 2024
May 28, 2024
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William62
United States of America
Joined Aug 21, 2010
Got up early this morning to listen in on a Wilson Center webinar - Brown Capital Management Africa Forum Relaunch: Sovereign Wealth Funds and Infrastructure Development in Africa https://www.wilsoncenter.org/event/brown-capital-management-africa-forum-relaunch-sovereign-wealth-funds-and-infrastructure?1716908400
Africa's rapid demographic growth and urbanization requires new funding for infrastructure. Earlier this month, UNECE hosted a Public Private Partnership Forum in Istanbul that brought together stakeholders from around the world to discuss new tools for improving PPP collaborations.
This Wilson Center event highlighted '...The African Development Bank estimates that between $130 billion and $170 billion is required for infrastructure development each year. Investing in infrastructure projects in Africa, especially at the city level, will require significant social and financial investments and new sources of financing to meet the funding gap'.
What is very important as the Summit of the Future is happening in September at the UNGA 2024, is that women's voices become knowledgable on honing collaborations for development that can help de-risk and encourage private investment in infrastructure development. Think about what is needed in your communities and region, and share your input...