Top 10 African Countries Leading in Infrastructure Development
31 Oct. 2024Egypt ranks second among African countries in infrastructure improvement, following Morocco, with Mauritius, Algeria, Seychelles, Tunisia, Libya, Kenya, Botswana, and South Africa also in the mix.
African countries have made progress in energy, transport, and technology through partnerships between governments, international institutions, and investors. Institutions like the African Development Bank, World Bank, and China play a key role in financing projects focused on sustainability and renewable energy.
However, Africa faces immense infrastructure demands, with the African Development Bank estimating a need for $130-170 billion annually. Yet, there is a funding gap of up to $100 billion affecting vital sectors such as energy and transport. The World Bank indicates that Sub-Saharan Africa needs to invest 7.1% of GDP annually to achieve sustainable development goals, while current investments are only about 3.5%.