Egypt ranks among the Top 10 African Nations for infrastructure improvements
A recent report by Business Africa has identified the top 10 African nations with the most improved infrastructures in 2023, highlighting five Arab countries: Egypt, Morocco, Algeria, Tunisia, and Libya. The report underscores the strategic partnerships being formed among African Governments, private sector investors, and international financial organizations to address the continent’s infrastructure financing gap.
Egypt has significantly invested in infrastructure through both governmental and private initiatives aimed at boosting economic competitiveness, generating jobs, promoting inclusive entrepreneurship, and facilitating sustainable trade. Over the past decade, more than 10 trillion EGP has been allocated to infrastructure projects, including roads, ports, and railways.
Guided by the Ministry of Planning and Economic Development, Egypt has increased private sector involvement in infrastructure through effective public-private partnership (PPP) models, supported by national policies that foster private investments. This strategy has led to substantial progress in the nation’s infrastructure and economic capabilities.
The report also highlights Mauritius, Seychelles, Kenya, Botswana, and South Africa as notable improvers in African infrastructure. According to the African Development Bank, Africa needs an annual investment of $130 to $170 billion to meet its infrastructure requirements. The World Bank indicates that Sub-Saharan Africa must invest approximately 7.1% of its GDP annually to achieve Sustainable Development Goals (SDGs), while current investment levels hover around just 3.5% of GDP.
Despite these challenges, significant progress has been made recently, especially in the energy, transportation, and technology sectors. This advancement is attributed to increasing strategic collaborations among African governments, private investors, and international organizations, all working to close the infrastructure funding gap and foster sustainable growth across the continent.
