Dealing with Africa’s huge infrastructure deficit

Global Business

Some experts estimate the African continent would need to spend billions of dollars almost every year to be able to meet its rapidly growing urbanization needs. That according to some investment experts who shared their experiences at the Executive Investment Summit and CEO forum organized by the Wharton Club of Africa. CCTV’s Deji Badmus filed this report from Lagos.

Dealing with Africa's huge infrastructure deficit

Dealing with Africa's huge infrastructure deficit

Some experts estimate the African continent would need to spend billions of dollars almost every year to be able to meet its rapidly growing urbanization needs. That according to some investment experts who shared their experiences at the Executive Investment Summit and CEO forum organized by the Wharton Club of Africa. CCTV's Deji Badmus filed this report from Lagos.

Highlights:

  • African governments have often been blamed for the slow pace of infrastructural development on the continent because of inefficient bureaucracies.
  • Experts say infrastructure investment is a profitable venture in Africa.