Infrastructure and logistics development in Africa faces numerous challenges that impact economic growth, trade, and overall development.
Many African countries struggle with securing adequate funding for large-scale infrastructure projects. This is due to budget constraints, high levels of public debt, and limited access to international capital markets. Political instability, corruption, and inconsistent regulatory frameworks deter foreign investors, reducing the influx of necessary capital.
There has also been limited technological adoption. Slow adoption of modern technology and digital solutions in infrastructure and logistics hampers efficiency and growth. Lack of comprehensive data and effective information systems for planning and managing infrastructure projects lead to inefficiencies and increased risks.
Addressing these challenges requires a multifaceted approach, involving coordinated efforts from governments, international organisations, private sector investors, and local communities. Strategies to overcome these challenges include improving governance and transparency, fostering regional cooperation, investing in capacity building, leveraging technology, and securing sustainable financing mechanisms.
The speakers will discuss key challenges in Africa's infrastructure development, including financing gaps, political instability, and corruption. They will explore solutions like innovative financing, governance reforms, and the adoption of digital technologies to improve efficiency. The role of regional cooperation through initiatives like AfCFTA and the importance of building local capacity to manage and sustain projects will also be highlighted.
Moderator
Partner | Evershead Southerland
Speakers
Ifeoma Jibunoh
Chief Marketing Officer | Cassava Technologies
Head of Technology Industry Research | BMI
Executive Director | Cygnum Capital
Group Chief Sustainable Impact Officer | The Private Infrastructure Development Group