African Finance & Tech News: The Economic Cost of Poor Infrastructure

Infrastructure is one of the most critical components of economic development. In Africa, inadequate networks are a major reason why the continent continues to struggle economically. Africa’s basic infrastructures are not as strong as they should be, and this has cost the continent many opportunities.

The Brookings Institution found that only 34 percent of Africans’ have access to roads and over 620 million people do not have access to electricity. These inadequate infrastructure networks limit the flow of trade, capital, education, information and people. What we see going on in Africa is an infrastructure gap. The term infrastructure gap indicates the need for basic services and public utilities that are essential for economic growth and to attract investment.

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