‘Africa should focus on big infrastructure projects’

AFRICA needs to focus on large-scale investments in transnational infrastructure projects in power, roads and broadband for the continent to grow, a prominent economist has said.

Speaking in Addis Ababa on the sidelines of the Third Financing for Development Conference, economics professor Jeffrey Sachs said closing Africa’s infrastructure gap was a top priority in order to put the continent on a path of double-digit growth and sustainable development.

“There is no choice, Africa needs 10% per year of economic growth in the next 15 years,” Sachs said.

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