Sub-Saharan Africa has more than $108 billion in active mining and industrial projects. Most are new mining developments worth more than $42 billion. South Africa has the largest pipeline, with 16.95% or $18.3 billion of active mining and industrial projects.
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Sub-Sahara Africa investing $11 billion in new hospitals
New hospitals with a value of $11 billion are active. $6.4 billion is currently under construction, and $4.8 billion is in design.
“Desert to Power” project receives a $5.5 million grant to fund phase 2
Half of the 340 million people living in the Sahel region do not have access to electricity. The African Development Bank’s “Desert to Power” initiative aims to provide electricity to 250 million people.
Project Finance in a Nutshell
Project finance for large infrastructure is widely used in western developed countries. It represented more than $2 trillion of investments globally between 2003-2013; only around 3 per cent of this amount was dedicated to sub-Saharan Africa.
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