Billions more for infrastructure
GOVERNMENT| July 26, 2010, 4:08 p.m.
ICT development will be a focus area for a new African Development Bank (AfDB) plan to pump around USD10 billion more into African infrastructure.
The AfDB says it plans to nearly double its African infrastructure spending over the next few years.
An African leaders’ meeting held auspices of the 15th African Union Summit held in Uganda during the past week discussed the urgent need to improve infrastructure in Africa.
Power, transport and ICTs were identified as some of the key infrastructure areas needing investment to boost economic growth.
The African Development Bank Group President, Donald Kaberuka, said: “ The magnitude of Africa’ s financing needs for infrastructure is far beyond the public sector’ s capacity, and clearly highlights the opportunities for private sector involvement.”
He added: “ Africa needs to focus its efforts on three areas - energy sector reforms, new generation capacity and the development of regional markets.”
Earlier, the AfDB, NEPAD and the AU officially launched the Programme for Infrastructure Development in Africa (PIDA) on the fringes of the Summit.
PIDA identifies energy, water, ICT and transport as central to the implementation of economic and social development policies.
The programme is in line with infrastructure development, one of the key pillars of the Bank Group’ s 2008-2012 Medium-Term strategy. The Bank’ s approvals of Infrastructure projects reached USD6 billion in 2009, accounting for more than half of all approvals during the year.
The programme’ s overall goal is to promote socio-economic development and reduce poverty in Africa through improved access to integrated regional and continental infrastructure networks and services.
With ICTs hailed as drivers of economic growth and development, the programme lays out plans to identify existing ICT infrastructures, determine future needs and attempt to establish harmonised policy, legal and regulatory frameworks at the regional and continental levels to create an enabling environment that will attract investment and foster the sustainable development of ICT infrastructure in African regional markets.
MORE GOVERNMENT NEWS
Lawmakers urge review of CBN’s cashless policyNigerian lawmakers are rooting for the review of the cashless policy of the Central Bank of Nigeria (CBN) which they described as constraining Nigerian’s ability to spend money for businesses and personal transactions. Read More
Guinea turns to Gemalto to modernise its national voter registerGemalto has managed a comprehensive modernisation of Guinea’s voter register on behalf of CENI, the National Independent Electoral Commission. Read More
NIMC apologises for service disruptions at enrolment centresThe management of the National Identity Management Commission (NIMC) has apologisd to Nigerians who are currently facing challenges enrolling on its platform. Read More
ComTech minister: Buhari will decide on MTN fineNigeria’s new Minister of Communications Technology, Barr Adebayo Shittu, has said President Muhammadu Buhari will soon take a decision on the payment of the N1.4trillion ($5.2billion) fine imposed on MTN by the NCC. Read More
New NIMC CEO namedNigerian President Muhammadu Buhari has approved the appointment of Engr. Aliyu Aziz Abubakar, as the new Director General and Chief Executive Officer of Nigeria’s National Identity Management Commission (NIMC). Read More
GSM service providers risk fresh regulatory sanctionsThe NCC is set to sanction the three of the four GSM service providers for failing to comply with its directive on auto-renewal of subscribers’ data bundles. Read More
Mobile Compact Lab presented to BotswanaThe Global Pharma Health Fund, a charitable initiative funded by Merck, a leading science and technology company, has donated a mobile compact laboratory to the Health Ministry in the capital city of Gaborone to help detect counterfeit medicines. Read More
KRA sweeps marketing excellence awards for the authority’s iTax solutionThe Kenya Revenue Authority (KRA) has added yet another feather on its cap, after winning a Marketing Society of Kenya (MSK) award. Read More
NCA sets new timetable for digital dividend auctionGhana’s telecoms regulator has revised its time table for the sale of LTE spectrum in the 800 MHz Band. Read More
Botswana first to implement IMF enhanced General Data Dissemination systemAt the request of the Botswana, authorities a mission from the IMF’s Statistics Department visited Gaborone this month, to assist with the implementation of the Enhanced General Data Dissemination System (e-GDDS). Read More
FEATURED STORYeCommerce in Africa urged to take advantage of mobile
The Executive Chairman of Alltel has urged operators of eCommerce in Ghana and Africa as a whole to take advantage of the current trend for Africans to trade online via their mobile handsets.
BEST READ NEWS
IN DEPTHNigeria needs $25b investment in broadband, says Wood
Telecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria.