The financing of the MainOne fibre optic cable in West Africa has been praised ©  www.africafc.org
The financing of the MainOne fibre optic cable in West Africa has been praised © www.africafc.org

Infrastructure needs different financing

18 May 2017

Nigeria’s acting president, Yemi Osinbajo, has called for a new way of financing infrastructure projects in Africa in order to narrow the continent’s huge infrastructure gap.

At an event to mark the 10th anniversary of the Africa Finance Corporation (AFC) Osinbajo said that where in the past African countries were able to pay for infrastructure projects directly or by offering sovereign guarantees, the risk environment was changing so quickly that such approach is no longer feasible today.

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