Private Equity: a panacea for financing African infrastructure?
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What contribution can Private Equity make to the financing of infrastructure in Africa? The issue was brought into sharp focus at the recent SuperReturn Africa Conference in Cape Town, South Africa, which brought together a number of experts to consider the current challenges and potential solutions. The scale of the task is immense, with World Bank research from 2017 highlighting that Africa’s urban population - which now estimated at 472 million people - may double over the next 25 years, and that $93bn may be needed to close the infrastructure investment gap. Securing the right infrastructure investment will clearly be vital in translating rapid urbanisation into sustainable economic development on the African continent.