Africa Development Bank opens PPP hubs for infrastructure

The Africa Development Bank is to set up regional Public Private Partnership resource hubs to support African governments. The hubs will help provide capacity to set up Public Private Partnership (PPP) projects that can help finance the continent’s infrastructure financing need.

At a PPP training course in Kenya, The Africa Development Bank’s regional director for Eastern Afria, Mr. Gabriel Negatu confirmed that Nairobi will effectively be the region’s PPP resource hub.

Africa needs money to improve its infrastructure; in a report by the Standard, Negatu calls upon the private sector to help close the current infrastructure finance gap, that is estimated at around € 83 billion.

The African Development Bank will, through the PPP resource hubs, support governments with technical support to ensure mitigation and management of legal, financial and technical risks,” Negatu said.  

The three-day training in Nairobi attracted over 100 applications from 12 African countries. The topics is the training session included structuring principles for PPPs and appropriate legal framework, contracting models for PPP entities and PPP financing and business environment.

Further reading on standardmedia.co.ke

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