Infrastructure & Public Utilities
Globally, economic development relies solely on the availability of sustainable infrastructure, capable of providing utilities services that are sufficient in quantity, quality and frequency; thereby enabling economic activities, trade and social development. These utilities are: energy, transport, water and sanitation, telecommunications (as well as information technology), which depend on the underlying infrastructure for their delivery.
Equally, this reality applies to Africa, which is now seeking for ways to enhance its economic development, the social uplifting of its people, and enhanced trade and economic integration amongst its countries. However, these aspirations and their achievements are being severely hampered by an unprecedented shortage of key infrastructure stocks, both in absolute and relative terms.
Translated in capital cost, the infrastructure deficit stock requires a substantial amount of investment, which various sources have estimated to be in the orders of billion of US dollar.
One of the very recent estimates is from the African Development Bank, which within the context of NEPAD, initiated a Programme for Infrastructure Development in Africa (PIDA), under which, the total capital investment requirements for financing African economic infrastructure is estimated at USD 360 billion, from 2012 to 2040; with priority projects outlined in the Priority Action Plan (PAP) requiring some USD 68 billion, from 2012 to 2020.
The African Infrastructure stock deficit, the size of capital investment required for bridging the gap, the current and on-going global bearish economic landscape; all posing considerable challenges to the development of Africa, they now represent a matter of urgency for which strategic thinking, innovation and pragmatic acting cannot be overemphasized.
Addressing these challenges remains the focus of CDA Consulting practice, which makes it a dedicated infrastructure and public Utilities strategic solutions provider.