Why Africa ?
We are optimistic about opportunities in the African infrastructure sector. Our multi-sector and multi-region approach ensures we prudently navigate risks and we contend that near- to long-term prospects remain positive across the continent.
Africa infrastructure deficit
- Major currencies have dropped by 20%+ in the past year against USD
- Africa share of Global FDI and manufacturing only 2,6% and 1%, respectively
- South african load shedding for the next two to three years short 3GW “any given day” along with supply issues for hydro and gas across sub-Saharan Africa (Ghana, Zambia, etc.). Signs of easing
- Violence in Sudan, Burkina Faso, Nigeria, Malawi, Mali
Planned rail investment (USD billion)
- Only 11 countries ranked as good or better as places to operate in RMB survey
- Planned rail investments aiming to increase from only 15 inter-regional trade
Expected infrastructure spend (USD billion)
- Population living in cities by 2050 projected to be 1 billion, over 50% of the population, equalling today’s population across sub-Saharan Africa
- By 2040 home to one in five of the planet’s young people