The rapid pace of infrastructural development in the continent has made a significant contribution to the economic turnaround that Africa has experienced in recent years.
Even though headed in the right direction with regards to the achievement of millennium development goals, Africa’s growth potential in infrastructural development must be explored further.
This is necessary to augment the scale of current economic efforts and ensure that Africa’s 1 billion inhabitants are equally able to benefit from incoming investment and employment opportunities.
At present, African nations collectively spend $45 billion per annum on infrastructure however, experts suggest that this figure should be raised to $93 billion per year to secure a prosperous and stable future for the region.
Infrastructural development has had a significant impact on the continent.
The objective of the Infrastructure Africa event is to assemble Africa’s infrastructure think tanks from the public and private sector to discuss unexplored strategies, opportunities and avenues for advancement.
Tenders regarding development projects are known to be an issue among industry players. In response to these concerns, dialogues will be held concerning how infrastructure developers can access tender information for new projects, what is required of them to meet expectations as well as project management processes required to meet the necessary deadlines.
The sixth annual Infrastructure Africa Business Forum will be held on the 9 to 10 October 2018 in Sandton, South Africa, Johannesburg – the financial hub of economic activity across Africa.