Worried by how inadequate and poor infrastructure is impeding growth and development in the developing countries, head of Infrapreneur, Project Finance Accelerator, and CEO, The African Catalyst, Femi Awofala, has called on the private sectors to collaborate with the government in funding infrastructure gap. Awofala who spoke at the International Institute for Sustainable […]
Worried by how inadequate and poor infrastructure is impeding growth and development in the developing countries, head of Infrapreneur, Project Finance Accelerator, and CEO, The African Catalyst, Femi Awofala, has called on the private sectors to collaborate with the government in funding infrastructure gap.
African countries, he said, will need to implement strategic measures, at scale and at speed, if the continent is to meet the infrastructure demands of a projected 1,680 million population by 2030. “This is majorly as a result of shortage of bankable projects, low-risk appetite among investors, environmental problems, poor governance practices, economic instability, and weak, and sometimes unstable, regulatory framework.
“We empower infrapreneurs, and enablers in the industry by providing the necessary knowledge, skills, and resources needed in the facilitation and deployment of infrastructure investment, from inception to financial close.
Libya's prosecutor general ordered the detention of the country's ambassador to Brussels on Tuesday over alleged corruption, shortly after the internationally recognised government in Tripoli dismissed her.
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