Lagos, the commercial capital of Nigeria, will host an inaugural summit on Africa’s infrastructure requirements and its investment deficit on 25 March 2014, the organisers of the event, Africa Finance Corporation (AFC), said this week.
The conference will take place at the the Eko Hotel & Suites.
AFC is an Africa-led multilateral development financial institution whose mission is to improve African economies by proactively developing and financing infrastructure assets.
Despite boasting vast natural resources, the African continent is suffering from a serious infrastructure problem, which has hampered its development and reduced its competitiveness to almost zero.
The Lagos summit, titled: AFC Live: Bridging the Infrastructure Divide responds to the need to open a dialogue to address the scale of Africa’s infrastructure requirements and its investment deficit, which is conservatively estimated at over US$40 billion per annum over the next 10 years.
The event is expected to bring together African politicians, business leaders and academics for a series of lively panel discussions, AFC said.
Photo: The Bloukrans Bridge in South Africa. Credit: Africaguide.com