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Modern infrastructure is the backbone of an economy and the lack of it inhibits economic growth," says Obiageli Ezekwesili, World Bank Vice President for the Africa Region. "This report shows that investing more funds without tackling inefficiencies would be like pouring water into a leaking bucket. Africa can plug those leaks through reforms and policy improvements which will serve as a signal to investors that Africa is ready for business.

Obiageli Ezekwesili, World Bank Vice President for the Africa Region
Transforming African Infrastructure will Require an Additional $31 Billion a Year and Huge Efficiency Gains

A study recently conducted in 24 African countries "Africa's Infrastructure: A Time for Transformation"  shows that the poor state of infrastructure in Sub-Saharan Africa - its power, water, roads, and information and communications technology (ICT) - cuts national economic growth by 2 percentage points every year and reduces business productivity by as much as 40 percent.

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African Development BankAfrican UnionAgence Française de DéveloppementDFID - UK Department for International DevelopmentDevelopment Bank of Southern AfricaEuropean CommissionThe Infrastructure Consortium for AfricaKfW BankengruppeThe New Partnership for Africa's DevelopmentPublic - Private Infrastructure Advisory FacilitySub-Saharan Africa Transport Policy ProgramWater and Sanitation ProgramThe World Bank