Investment Times

Africa should invest in infrastructure resilient to climate change, which has pushed countries to spend almost 5 percent of their GDP in adapting to its impacts, said Antonio Pedro, Acting Executive Secretary of the Economic Commission for Africa (ECA), on the margins of COP27. The continent already has an infrastructure financing gap of more than $100 billion per year, according to the African Development Bank. There is a case for Africa to ramp up investment in developing infrastructure that is vital to improving the standards of living for the African citizens as well as for the continent’s global competitiveness. The...