Infrastructure

Structural change is essentially the only hope for sustainable growth in Africa, and the focus should be on efficient infrastructure.

According to a report by the Global Infrastructure Outlook, under current trends scenario, the total infrastructure investment forecast for Africa to 2040 is projected to be US $4.3 trillion, or US $174bn per year.

Indeed most African countries including Kenya, Uganda, Nigeria and Ghana have structured their recent national budgets towards the attainment of MDGS by allocating large chunks of their annual expenditures to key infrastructural sectors like transport, energy, and housing.

According to the report by Global Outlook, in dollar terms, electricity is forecast to receive around $1.6 trillion of investment between 2016 and 2040 under current trends, roads are receiving between US $700 billion and US $900 billion.