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he ongoing World Economic Forum today debated on how best to maximize social and economic returns, increasing private sector investment and reaping benefits from leapfrogging within the continent.
According to WEF in the past years transportation, energy and communication investments contributed substantially more to per capita growth in Africa than structural policies.
Panelists including Prime Minister Meles Zenawi, Gordon Brown, former UK prime minister, Donald Kaberuka, President of the African Development Bank (AfDB), Ahmed Heikal, Chairman and Chief Executive Officer, Citadel Capital, and Tidjane Thiam, Group Chief Executive, Prudential, have presented their arguments on the roles of both public and private sector engagements in the development of infrastructure in the continent.
Policy impediments that resulted in lack of the private sector engagement in Africa were blamed as one of the prime obstacles for the sluggish infrastructure development in Africa.