The Africa Think Tank for Infrastructure Development (ATTID) has projected that the continent requires between $130 billion and $170 billion annually to meet its infrastructure needs and drive sustainable development across sectors such as energy, transport, water, sanitation, and urban systems. This was disclosed during a press conference in Lagos ahead of a major infrastructure-focused…
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has stated that Africa loses $90 billion annually to importation of substandard petrol fuel due to lack of refineries in the continent. Speaking during the ongoing West African Refined Fuel Conference held in Abuja, Dangote revealed that, due to the continent’s limited domestic refining capacity, Africa imports…
Addis Ababa, — At the Fourth International Conference on Financing for Development (FfD4), African countries made a strong case for overhauling the global financial system to reflect current development realities and risks. Held in Seville, Spain, the conference ended with the adoption of a 38-page outcome document, the “Seville Commitment,” outlining voluntary steps to improve…
