As part of her mission for Africa Connected, NikiweBikitsha stopped by the African Development Bank to chat to the Vice-President of Private Sector, Infrastructure and Industrialisation.
Talking to Pierre Guislain about the AfDB’s ten-year plan to transform Africa, namely its “High Five” goals, is cited as a priority to support the integration and industrialisation potential for many countries in Africa.
The bank aims to attract more capital to the infrastructure sector by helping government structure transactions to contribute to the financing of infrastructure.
It goes from the right government policies to the right government institutions and then finding the right investors.— Pierre Guislain, Vice-President of Private Sector, Infrastructure and Industrialisation at African Development Bank
Another challenge raised is the investment in the preparation of these large projects.
As with any sector, complex projects require more time – which requires upstream work to be structured in such a way that they can be financed by various sources of funding.
Thereafter, services should become the focus because there will be a set of reforms needed to optimise the infrastructure that is already in place.
Stability in the investment framework is absolutely critical— Pierre Guislain, Vice-President of Private Sector, Infrastructure and Industrialisation at African Development Bank
To aid progress with industrialisation, the African Development Bank has set out to take advantage of cross-border opportunities by creating connectivity between countries that need access to markets.
Ivory Coast sees part of its prosperity from being well integrated with its neighbours.— Pierre Guislain, Vice-President of Private Sector, Infrastructure and Industrialisation at African Development Bank
Click here to access the Africa Connected portal or click below to watch Nikiwe's full interview with Pierre Guislain...