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Top 10 African Countries Leading In Private Sector Investments

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Top 10 African Countries Leading In Private Sector Investments

Africa’s infrastructure challenges have long been a major barrier to its economic growth and development. The African Development Bank (AfDB) estimates that the continent requires between $130 and $170 billion annually to meet its infrastructure needs. Yet, the financing gap remains vast, with an annual shortfall of up to $100 billion.

Similarly, the World Bank notes that Sub-Saharan Africa must invest approximately 7.1% of its GDP annually to achieve sustainable development goals, while current investments hover around just 3.5% of GDP.

Governments alone cannot shoulder this burden, making private capital a vital piece of the solution.

The International Finance Corporation (IFC), a member of the World Bank Group, is a key player in driving private sector investments across Africa.

By financing infrastructure projects and advising governments on structuring PPPs, the IFC creates an enabling environment for private capital to thrive.

In FY24, the IFC mobilized $22.5 billion in funding, a 50% increase compared to FY23. This was achieved using over 30 different tools to attract and manage investments.

A significant portion of these funds was directed toward Africa, supporting projects in renewable energy, healthcare, agriculture, and digital infrastructure.

For example, the IFC has backed renewable energy initiatives that expand electricity access to millions of households. It has also invested in agribusiness projects that empower smallholder farmers with better market access and financial tools.

Below are the top 10 African countries leading in private-sector investments:

RankCountryInvestment
1South Africa$5.07 billion
2Nigeria$3.96 billion
3Egypt$3.37 billion
4Ethiopia$2.29 billion
5Cote D’Ivoire$2.18 billion
6Kenya$1.7 billion
7Guinea$1.5 billion
8Mozambique$1.32 billion
9Morocco$0.87 billion
10Cameroon$0.8 billion
Source: businessinsiderafrica
Via: NorvanReports
Tags: African Development Bank (AfDB)International Finance Corporation (IFC)Private Sector InvestmentsTop 10 African Countries Leading In Private Sector Investments

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