Africa Needs More Than $100 Billion for Infrastructure, Economist Says

Africa needs more than $100 billion for infrastructure, according to economist Dr. Bilal Shuaib, who highlighted the importance of private-sector participation in the continent’s development.

Shuaib said President Abdel Fattah El-Sisi’s emphasis on empowering the private sector reflects a vision aimed at accelerating development across Africa.

He also pointed to the president’s call for the continent to rely on its own resources, linking that approach to efforts to increase the pace of development.

The economist’s comments placed Africa’s infrastructure needs alongside two priorities: a stronger role for private enterprise and greater use of the continent’s resources.