Billions more for infrastructure

GOVERNMENT

|
Image: African Development Bank Group President, Donald Kaberuka. By WEF
African Development Bank Group President, Donald Kaberuka

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.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE GOVERNMENT NEWS

Malawi Government levies tax on Internet/SMS

Finance Minister Goodall Gondwe at Parliament The Malawi Government has announced that it will levy a 10 percent excise duty on mobile phone text messaging as well as all data transfers, including internet and similar services. Read More

Ghana’s 800km fibre optic backbone commissioned

Ghana’s President John Dramani Mahama has commissioned an 800km Eastern Corridor Fibre Optic backbone which runs through 20 districts. Read More

NIMC infrastructure must be managed by credible people: NIMC chief

NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy. Read More

Kenyan ICT on track for strong growth

The Kenyan government projects that the country’s ICT sector will approach 20% growth by 2017, with the government making every effort to help boost this growth. Read More

Ghana commissions enhanced CICs

Ghana’s Minister for Communications, Dr. Edward Omane Boamah, has commissioned and handed over an Enhanced Community Information Centre (E-CIC) to La Nkwantanang-Madina Municipal Assembly in the Greater Accra Region under the e-governance project. Read More

Rwanda hosts Africa Broadband and Universal Service Funds Forum

The Africa Broadband and Universal Service Funds (USF) forum brought together broadband stakeholders from all over Africa in Kigali for a three-day forum this week. Read More

Airtel, Ghana Communications Ministry promote girls in ICT

Airtel Ghana has partnered the Ministry of Communication to celebrate International Telecommunication Union Girls in ICT Day.  Read More

Alcatel-Lucent, Algeria to build Orval undersea cable system

Alcatel-Lucent and the Algerian Ministry of Post, Information Technology and Communications have signed a turnkey agreement for the deployment of the Orval system, an over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain.  Read More

Finalists announced for African Utility Week Industry Awards

The finalists have been announced for the African Utility Week Industry Awards, with the winners to be honoured at the annual African Utility Week and Clean Power Africa in Cape Town from 12-14 May. Read More

Four million Rwandan youth to participate in #YouthConnektMonth

Rwanda’s Ministry of Youth and ICT (MYICT), in collaboration with various stakeholders, is launching National YouthConnekt Month to kick off on 2 May.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

The transformative power of affordable smartphones and unlimited data in GhanaThe transformative power of affordable smartphones and unlimited data in Ghana

Smartphones are helping transform their lives of ordinary people in Ghana, Reports Nana Appiah Acquaye.

IN DEPTH

NIMC infrastructure must be managed by credible people: NIMC chiefNIMC infrastructure must be managed by credible people: NIMC chief

NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy.