Publication: Investment Commitments in Sub-Saharan Africa Stayed at a Peak Level in 2007
Date
2008-12
ISSN
Published
2008-12
Author(s)
Izaguirre, Ada Karina
Perard, Edouard
Abstract
Investment commitments to infrastructure
projects with private participation in Sub-Saharan Africa
amounted to almost US$11 billion in 2007, the second highest
level since 1990, according to just-released data from the
private participation in infrastructure project database.
The region accounted for 7 percent of the year's total
investment commitments in developing countries. Investment
commitments in 2007 were down 10 percent from the level in
2006, the highest in 1990-2007. The regional peak in that
year, however, was driven in part by an unusually large
project: the US$3.4 billion Gautrain light rail project in
South Africa, which had government cash support of around
US$3 billion. If that project were excluded, investment in
2007 would be the highest ever in the region. Investment in
2007 was driven mostly by projects implemented in previous
years. Projects reaching financial closure in 1990-2006
attracted US$7.6 billion, while the 24 new projects
implemented in 2007 accounted for US$3.3 billion. Investment
in physical assets declined by 22 percent to US$8.5 billion,
still the second highest level ever. Payments to governments
almost doubled to reach a peak level of US$2.5 billion,
about 23 percent of annual investment.
Citation
“Izaguirre, Ada Karina; Perard, Edouard. 2008. Investment Commitments in Sub-Saharan Africa Stayed at a Peak Level in 2007. PPI Data Update; Note No. 19. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/59c71b2d-850b-55d6-a324-f989e323f747 License: CC BY 3.0 IGO.”