Daily Archives: August 9, 2015
Infrastructure Africa 2015 to address current financing trends, the liberalisation of Africa’s air space and regional cooperation
Africa needs $95 billion per annum for the next 10 years to meet its infrastructure demands. The demand for infrastructure is driven by rising populations and rapid urbanisation and is causing a shift for all players in the sector. Internationally, the outlook is extremely positive between now and 2020, signalling new business opportunities for the continent’s infrastructure players.
The town of Marondera in Zimbabwe has been selected to participate in the African Water Facility (AWF) Integrated Urban Water Management Programme (IUWM), according to Saviour Kasukuwere, Minister of Environment, Water and Climate officially opening an IUWM workshop in Harare recently.
In a bid to improve the growth of the country’s economy, Zimbabwe’s ministry of Economic Planning and Investment is refocusing on a new vision and thrust in a bid to initiate a process of developing and implementing an economic growth strategy and plan for the government, according to Minister Simon Khaya Moyo.
Zimbabwe’s Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) is embarking on an initiative to establish a national internet governance forum (IGF) to advance internet governance issues in the country, according to a representative of POTRAZ.
The development of an Islamic finance industry in Africa could help plug the regions large infrastructure gaps over the coming decade, says Standard & Poor’s Ratings Service (http://www.standardandpoors.com/en_EU/web/guest/home).
Overall, activity in the oil & gas industry across the African continent has slowed in the wake of the declining oil price in late 2014.
We see that the continent has various connectivity needs, crucial for its social and economic development. Increasing the availability of ultra-broadband services is essential for Africa’s future development. Becoming digital is an important catalyst for change, for development and innovation. The continent’s infrastructure will need greater capacity to deliver high-quality ultra-broadband connectivity to support added-value services for end users in both urban and remote areas. Alcatel-Lucent has deployed a number of LTE networks in Africa.
An International Monetary Fund (IMF) staff team led by Cemile Sancak visited Lomé from July 24 to August 6 to conduct the 2015 Article IV consultation.
By Beverley Schäfer, MPP