Africa is facing a major demographic transition, with a population that is expected to double by 2050. This rapid growth poses a major challenge in terms of infrastructure, with the need to build and develop transport, energy , communication and others. The issue of investing in infrastructure development in Africa was discussed at the Bloomberg New Economy conference held in Marrakech.
According to Claudine Uwera, Rwandan Minister in charge of Economic Planning, infrastructure development is essential to ensure sustainable growth in Africa. It stresses the importance of unblocking air infrastructure, interregional transport and energy infrastructure projects to stimulate regional and international trade.
The African Development Bank estimates that Africa needs to invest around $100 billion a year in infrastructure to realize its economic potential. However, Hamza Kabbaj, managing director of Société Générale des Travaux du Maroc, stresses the need for a long-term vision rather than focusing solely on financing. He insists on the importance of measuring the added value of an infrastructure over the long term, by attracting inhabitants and foreign investment that will benefit future generations.
Beyond traditional infrastructure, it is also crucial to develop renewable energies in Africa. However, before considering this transition, it is essential to guarantee access to electricity for the 600 million people who are still deprived of it. Otmane Benamar, director of technology at Gas Power GE Vernova, underlines that this energy development will not only improve the living conditions of the populations, but also create income to finance the energy transition.
In conclusion, the development of infrastructure in Africa is a priority to support economic growth and improve the living conditions of populations. Massive investment in transport, energy, communications and other infrastructure is crucial to meet the needs of an exponentially growing population