"Top 10 African countries with the least private infrastructure investment"

" Top 10 African countries with the least private infrastructure investment \r\n\r\n \r\n \r\n \r\n\r\nPrivate infrastructure investment has significant potential to remedy infrastructure deficits in low- and middle-income countries, notably in Africa.\r\n\r\nThis is why it has been an area of focus for international investors trying to enter the African market. For decades, many low- and middle-income countries have struggled to manage inadequate infrastructure, restricting their economic growth potential.\r\n \r\n\r\nInfrastructure development in Africa is directly related to economic growth. Adequate infrastructure increases productivity, lowers costs, and encourages investment.\r\n\r\n \r\n \r\n\r\nWithout a robust investment, it can be a struggle for African countries to create the essential infrastructure, resulting in slower economic growth. Poor infrastructure hinders corporate productivity, raises operating costs, and diminishes global competitiveness.\r\n\r\n \r\n \r\n\r\nInfrastructure projects offer large job opportunities, both during development and via the establishment of long-term operations positions, which suggests that a lack of adequate infrastructure investment hurts the job market.\r\n\r\n \r\n \r\n\r\nUnfortunately, these investments which primarily fall on the government cannot be financed by governments alone, especially in some African countries where there are complex socio-economic and political realities. Fortunately, the private sector steps in to fill the gap.\r\n\r\n \r\n \r\n\r\nA report by the\u00a0 World Bank \u00a0noted that the private sector infused $86B into infrastructure development in low- and middle-income nations in 2023. This unfortunately represented a 5% decline in investment compared to the year prior.\r\n\r\n \r\n \r\n\r\n \u201cIn 2023, 68 countries received investments across 322 projects, compared to 54 countries and 260 projects in 2022. Guinea Bissau, Libya, Papua New Guinea, S\u00e3o Tom\u00e9 and Pr\u00edncipe, and Suriname achieved their first private participation in infrastructure (PPI) transactions in more than a decade,\u201d\u00a0 the report reads.\r\n\r\n \r\n \r\n\r\nAfrica Eastern and Southern (AFE) committed $2.3 billion to 45 projects in 2023. The Africa Western and Central (AFW) region announced $1.2 billion in investment pledges spread across 21 projects during the same period.\r\n\r\n \r\n \r\n\r\nWith that said, here are the 10 African countries with the least private infrastructure investment.\r\n\r\n \r\n \r\n 10 African countries with the least private infrastructure investment \r\n\r\n \r\n \r\n \r\n \r\n \r\n Rank \r\n Country \r\n PPI investments (USD millions) \r\n \r\n \r\n \r\n \r\n 1. \r\n Burundi \r\n 1 \r\n \r\n \r\n 2. \r\n Sierra Leone \r\n 1 \r\n \r\n \r\n 3. \r\n Sao Tome and Principe \r\n 4 \r\n \r\n \r\n 4. \r\n Gabon \r\n 4 \r\n \r\n \r\n 5. \r\n Namibia \r\n 4 \r\n \r\n \r\n 6. \r\n Somalia \r\n 6 \r\n \r\n \r\n 7. \r\n Benin \r\n 10 \r\n \r\n \r\n 8. \r\n Zambia \r\n 12 \r\n \r\n \r\n 9. \r\n Madagascar \r\n 22 \r\n \r\n \r\n 10. \r\n Angola \r\n 29 \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n "

"Top 10 African countries with the least private infrastructure investment"

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