It has been estimated that $78 billion is required by countries in the East African Community to finance mega infrastructure projects.
 

This includes the construction of two major transnational roads funded by the African Development Bank - the $322 million Rumonge-Gitaz and Kabingo-Kasulu-Manyovu road-upgrading project and the Malindi-Mombasa-Lunga Lunga/Horohoro-Tanga-Bagamoyo highway (Kenya to Tanzania). This 460km highway is budgeted to cost $751.3 million, with 70% borrowed from the AfDB, and each country funding 30% of the work in its territory.

The governments of various East African countries have continued to prioritise infrastructure development into 2019 in recognition of the role that infrastructure plays as a cornerstone of economic development and prosperity.

 

It is anticipated that Uganda will select a company to build a new major road between Kampala, and Jinja by the end of year. The 95km road, believed to cost in the region of $1 billion, will by partly funded by the Ugandan government and partly by the contractor.

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Across Africa, figures in excess of $226 billion are being spent on infrastructure development. This includes $153 million on the development of 210kms of road and $751 million for the development of the Kenya-Tanzania Highway. Yet it is not enough!

Figures in excess of $100 billion have been given as the kinds of figures needed ANNUALLY across power, water, roads and other forms of transport. At most, current investments equal $30 billion across the continent. Where is the balance of this investment going to come from?

 

Join us as we explore how, where and why private sector investment needs to be encouraged and increased, when this is likely to be happening and why private investment is not at the levels it should be.