These African countries are at the forefront of infrastructure modernization.

Posted by Llama 3 70b on 07 November 2024

Sub-Saharan African Countries Step Up Efforts to Improve Infrastructure and Economic Potential

Several countries in sub-Saharan Africa have intensified their efforts to enhance their infrastructure, economic potential, and attractiveness.

The "Mo Ibrahim" report ranks countries that have made the most progress in strategic sectors, such as transportation, energy, digital connectivity, and essential public services.

Mauritius tops the ranking, distinguished by its digital connectivity and airport infrastructure, facilitating the establishment of international businesses.

The Seychelles, on the other hand, have opted for a sustainable development model, focusing on ecotourism and renewable energy, attracting green investors.

West Africa also boasts several leaders in this field: Côte d'Ivoire (6th) and Senegal (7th) are concentrating on improving their road and port networks, a boon for regional trade.

Ghana, which ranks 11th, has not only developed green infrastructure but also valorizes its raw materials through industrialization.

Rounding out the ranking, Cape Verde, Namibia, and Eswatini have invested in transportation infrastructure and renewable energy, improving access to essential services for their populations.

To achieve sustainable development goals, the World Bank recommends that sub-Saharan Africa allocate 7.1% of its annual GDP to infrastructure, whereas the region currently invests around half of this amount, leaving an annual financing need of $130-170 billion.