At Second African Infrastructure Financing Summit, $160 Billion Worth of Projects on Table

At Second African Infrastructure Financing Summit, $160 Billion Worth of Projects on Table

The 2nd Dakar Financing summit For Africa's Infrastructure Development has opened in the Senegalese capital with sixty-nine infrastructure projects worth $160 billion on showcase.

African heads of government, the African Development Bank, development finance institutions, and institutional investors will gather to draw the modalities for pushing the projects to completion by 2030. The African Union Development Agency and the Government of Senegal are co-hosting the summit.

The 69 projects fall under the Programme for Infrastructure Development in Africa (PIDA), a blueprint for infrastructure development to increase Africa's competitiveness and economic integration. PIDA’s Priority Action Plan 2, was adopted by the AU Assembly of Heads of State and Government in 2021.

The summit will feature side events, presidential roundtables, panel discussions and boardroom sessions to discuss specific infrastructure projects.

On Thursday, February 2, African Development Bank Group Vice President for Regional Development, Integration and Service Delivery Marie-Laure Akin-Olugbade, will participate in a roundtable discussion involving President Macky Sall of Senegal, Rwandan President Paul Kagame, and Egypt’s Prime Minister Mostafa Madbouly.

The discussion, titled Financing Africa’s Infrastructure Priorities under PIDA PAP 2, will include Afreximbank President and Chairman, Prof. Benedict Oramah.

Akin-Olugbade is representing the bank’s president, Dr. Akinwumi Adesina. The bank delegation also includes Ambassador Modibo Touré,