ABiQ outlines how technology can change socioeconomic outcomes.
Technology advances at an exponential pace, every day. Technology has the potential to drastically change socioeconomic outcomes, especially in underdeveloped countries.
ABiQ provides a risk rating for each country in Africa. The overall country risk rating is a composite rating. This composite rating is a measure that outlines to what extent economic, political, financial, health, security and other factors can affect investing and doing business in a country. The rating ranges from 1-10, with 1 being the best possible rating, and 10 being the worst possible rating.
The Public Investment Corporation (PIC) is set to take a $100 million stake in the African Finance Corporation (AFC). This investment will boost infrastructure development across the continent, which currently has an infrastructure financing gap of at least $93 billion a year.
The 54th session of the annual Conference of African Ministers of Finance, Planning and Economic Development (CoM 2022) was held in Dakar, Senegal.
On May 18, 2022, the International Organization for Migration (IOM) and UNICEF signed a new Strategic Collaboration Framework (SCF) that aims to uphold and protect the rights of migrant children.
Senegal has close to $20 billion of active projects. Excellent ICT infrastructure enables Senegal to position itself as a leader in the region with billions of foreign direct investment into critical sectors.
Significant population growth is driving the Egyptian government to promote investment in all sectors of the economy. Egypt is the largest construction market in Africa, with more than $350 billion of active projects.
Brazzaville will require $90 million to invest in additional school capacity. The Republic of the Congo’s education system needs to build 4,300 new classrooms to accommodate 175,000 new pupils.
Cameroon’s education system will have to educate 1.6 million additional children by 2030.
With a population that will exceed 200 million in the next decade, Central Africa will need to invest an estimated $8 billion in education infrastructure.
$50 million is need by Eswatini for new schools to accommodate 56,000 new pupils by 2030. An additional 1,400 educators will also have to be trained and educated.
$170 million is needed by Lesotho for new schools to accommodate 200,000 new pupils by 2030.
Southern Africa will require more than $1.1 billion to build additional schools for the growing population and train 40,000 teaching staff over the next decade.
Nigeria’s population will increase by 22% over the next decade. Investment in all critical infrastructure is a necessity, especially education, healthcare, water and more.
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