Africa infrastructure gap needs $100bn yearly —-AFC

Andrew Alli, President and Chief Executive of Africa Finance Corporation AFC, has said that Africa’s infrastructure gap remains colossal, requiring approximately $100 billion every year for the next decade to bridge. He said that through the hosting of AFC Live “we hope that together we can generate solutions that will increase deal flow and fast track commercial projects in Africa, and address the critical challenge of making projects bankable.

“Since our inaugural Summit three years ago, both the global economic environment and the industry landscape have changed dramatically. Despite the challenging economic headwinds, AFC has thrived and we have continued to promote economic and social development across the continent through our investments. We are well placed to continue this success in the future, and aim to become a $5 billion Corporation by 2019.

“We look forward to welcoming our honourable speakers and attendees to AFC Live, in particular Ian Bremmer as our keynote speaker, and anticipate ground-breaking discussion that goes some way to addressing Africa’s pressing infrastructure needs.”

Once dubbed the “rising guru” in the field of political risk by The Economist, Ian advises leading executives, money managers, diplomats, and heads of state in his role as president of Eurasia Group. He is a prolific thought leader and author, regularly expressing his views on political issues in public speeches, television appearances, and top publications, including Time magazine, where he is the foreign affairs columnist and editor-at-large.

Other confirmed speakers at AFC Live include Olusegun Obasanjo, Former President of the Federal Republic of Nigeria and Charles Soludo, former Central Bank Governor of Nigeria.

Also sharing their insights into Africa’s infrastructure revolution will be: Charles Robertson, Chief Economist at Renaissance Capital, Tony Elumelu, Chairman of Heirs Holdings; and Ana Hajduka, CEO of Africa GreenCo.