From a new report by the Infrastructure Consortium for Africa on external funding of infrastructure projects in Africa:
In 2011 total external financial commitments/investments in African Infrastructure declined to 2009 levels. Overall commitments totalled US$41.5billion – a decline of 26% compared with 2010 figures. Commitments from ICA Members declined by 56% to US$11.9billion as compared to 2010 figures.
Financial commitments by ‘other’ financiers such as Arab Funds and particularly China has witnessed a continuous increasing trend. In 2011 such ‘other’ commitments grew by 39% to US$18.1billion. and the Arab Funds have doubled their contributions, and private sector commitments have nearly recovered to pre-crisis levels.
Private finance to African infrastructure although experienced a decline as compared to 2010 figures, has remained relatively stable in porportion terms accounting for approximately 27% (US$11 billion) of total external financial commitment/investments.
Pingback: Africa’s infrastructure boom: Will this time be different? « Allana Potash Blog