Held over two
days, the first edition of the forum will seek to provide a comprehensive
response to the continent’s infrastructure deficit
(BUILD Africa was inaugurated by HE Denis Sassou N’Guesso, President of the
Republic of Congo)
The first edition of the
forum was opened in the presence of:
- Over 700 international
participants from 50 different countries
- 10 ministers from across
Africa
- 80 international speakers
- 50 international media
How to boost a sustainable
development in Africa with new infrastructure?
Infrastructure development
is a fundamental requirement for Africa to achieve its growth and development
ambitions. In order to implement the projects that Africa needs, the BUILD
Africa forum will address the main obstacles to infrastructure development in
Africa: job creation, inclusive growth, innovative financing, sustainable
development, innovation, and s regional integration, among others.
Bringing the global players
of infrastructure
By bringing together more
than 700 policy makers, investors, NGOs, operators, developers and
infrastructure contractors from around the globe, in particular those from
countries have reached emergence thanks to ambitious infrastructure plans. The
forum will also stimulate dialogue and action between the global actors of
development.
Increase the number of
bankable projects across the continent
Other experts have joined
the initiative as BUILD Africa’s partners: AfDB’s Africa50 fund, along with the
World Bank have combined their expertise to develop innovative financial,
technical and structural solutions to the infrastructure deficit in Africa.
Quotes the opening of the
forum BUILD Africa:
"Sustainable
modernization in a country must be part of a comprehensive approach to
infrastructure, taking into account its social, economic or environmental
features. This is the most crucial requirement for infrastructure to become a
powerful tool to untie Africa’s development potential " Denis Sassou
N’Guesso, President of the Republic of the Congo
"Failing to address the
challenges of poor infrastructure in Africa is jeopardizing the social and
economic development expected by more than 1 billion Africans " Jean-
Jacques Bouya, Minister to the President of the Republic for
Spatial Planning and Delegate General for Major Public
Works
Key Infrastructure in Africa
figures*:
- Africa is experiencing
average growth rates of 5% per year
- The investment deficit for
infrastructure in Africa exceeds $48 billion per year
- The lack of basic
infrastructure costs every country in Africa two percentage points annually
- More than 800
infrastructure projects have been identified in Africa in 2012 (Ernst &
Young)
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