The Infrastructure Consortium for Africa’s (ICA) latest annual report, Infrastructure Financing Trends in Africa 2016, shows that commitments to Africa’s infrastructure development totalled USD 62.5 billion in 2016, declining from USD 78.9 billion in 2015.
The annual publication identifies how resources are being mobilised to make an impact on Africa’s infrastructure development and examines current financial commitments and disbursements in support of Africa’s infrastructure development, while also identifying new opportunities for resource mobilisation.
ICA’s Co-ordinator, Mohamed Hassan said, “For the first time, the report examines how new resources are being mobilised at a country level. This will provide better insight into jurisdictions where political and regulatory structures, alongside institutional capacity, have created enabling environments that attract investment.”
Disbursements by ICA members in 2016 totalled USD 13.4 billion, the highest yet reported and up by 6 per cent from USD 12.6 billion in 2015. Disbursements have now remained quite consistent for the last five years, at an average of USD 12.6 billion. Energy sector disbursements by ICA members totalled USD 6.1 billion in 2016. Transport sector disbursements totalled USD 3.7 billion and water sector disbursements USD 2.5 billion.
“Identifying emerging trends that will bring new types of funding and new investors in Africa’s infrastructure development must be considered an important task. This report will help stakeholders grasp the opportunities available to mobilise greater resources for Africa’s infrastructure development, so that the ICA’s vision that all Africans should have access to reliable and sustainable infrastructure services can be realised,” concluded Mohamed Hassan.