Publication: Investment Commitments Reach a New Peak in Sub-Saharan Africa While the Number of New Projects Declines
Date
2009-12
ISSN
Published
2009-12
Author(s)
Izaguirre, Ada Karina
Perard, Edouard
Abstract
Private activity in infrastructure in
Sub-Saharan Africa showed mixed results in 2008, according
to just-released data from the private participation in
infrastructure project database. While investment
commitments to infrastructure projects with private
participation reached a new peak, the number of projects
reaching closure continued to decline. Existing
telecommunications operators accounted for most regional
investment as well as the growth in investment. The region
accounted for almost 9 percent of the year's total
investment commitments in developing countries. In 2008, 15
infrastructure projects with private participation reached
financial or contractual closure in 10 low- or middle-income
countries in the region. These involve investment
commitments of US$2.7 billion. Infrastructure projects
implemented in previous years had additional commitments of
US$10.8 billion, bringing total investment in 2008 to
US$13.5 billion. That total represented an increase of 10
percent from the level reported in 2007 and a new peak for
the region. Investment in existing projects accounted for
the increase, growing by 22 percent from the level in 2007.
By contrast, investment in new projects fell by 22 percent.
Citation
“Izaguirre, Ada Karina; Perard, Edouard. 2009. Investment Commitments Reach a New Peak in Sub-Saharan Africa While the Number of New Projects Declines. PPI Data Update; Note No. 34. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/aa2d7c01-5fd3-5af4-96d7-97f6865e5f04 License: CC BY 3.0 IGO.”