Viability gap funding for promoting private infrastructure investment in Africa: views from stakeholders

Möykkynen, Henry; Pantelias, Aristeidis

doi:10.1080/17487870.2020.1785296

Cited by 9 publications

(9 citation statements)

References 10 publications

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“…The bundling of smaller projects offers little hope for many African economies, since many of them may turn out to be unbankable due to their modest size (and highly risky). In Africa, the problem of inadequately planned or bankable projects is much more severe (Möykkynen & Pantelias, 2021). mentioned that many governments and developers in Africa lack the ability and funds to plan and construct commercially viable infrastructure projects.…”

Section: Resultsmentioning

confidence: 99%

The Effects of Africa's Infrastructure Crisis and its Root Causes

THUSI,

MLAMBO

2023

IJESSS

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The development and expansion of any continent's economy is mostly dependent on the availability of world-class infrastructure capable of attracting international investors. The development and expansion of Africa's infrastructure is imperative; hence this will improve the African economy. The development and expansion of infrastructure improves the economy, resulting in many economic prospects for the inhabitants of any continent. However, in Africa, infrastructure development, investment, and preservation are among the lowest in the world. Infrastructure development will not only attract foreign investment and business, but it will also enhance trade between countries within the region. Trade between countries within the region is also heavily impacted by poor infrastructure investment in the continent, this puts much limit economic prospects within the region. This is a major concern; thus, Africa has several deficiencies in transport, telecommunications, water, health, and education infrastructures, all of which are crucial for Africa development. This is one of the main reasons why Africa has the highest levels of unemployment, poverty, food insecurity, migration, and poor education and health care systems. The author contends that investments and development in the African regional infrastructure are relatively low. This is a major barrier to regional economic development since the development of the region's economy relies on the development of infrastructure. This is unfortunate; hence, the region economy already lacks capabilities to provide the people with economic opportunities. A qualitative method was used to investigate what is preventing infrastructure development in Africa and what this means for Africa as a developing continent.

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Section: Resultsmentioning

confidence: 99%

The Effects of Africa's Infrastructure Crisis and its Root Causes

THUSI,

MLAMBO

2023

IJESSS

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“…As against borrowing funding templates from advanced economies in the Global North, the governments in the SSA region should develop strategies that would work in their region taking into cognisance local peculiarities. Attracting more private investment for infrastructure in SSA is a huge take especially as only the respective governments of Angola, Ghana, Nigeria and South Africa have made significant efforts to deal with their infrastructure deficits ( Möykkynen & Pantelias, 2020 ).…”

Section: Creating An Enabling Environment For Private Sector Investme...mentioning

confidence: 99%

Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law

Arimoro

2021

Public Works Management & Policy

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Sub-Saharan Africa (SSA) is the lowest income region of the world with a considerable number of low-income countries. The region is challenged by a massive infrastructure deficit. In recent years, the governments of the countries in the region have expressed the desire to bridge the huge gap in infrastructure assets through a partnership with the private sector using the public-private partnership model. However, the advent of the Coronavirus (COVID-19) pandemic which has resulted in unplanned public sector expenditure poses a new kind of hurdle to climb for states in the region. As such, there is a need for governments in SSA to create and sustain efficient opportunities for private sector investment in infrastructure procurement and maintenance. This article adopted the doctrinal legal research method as well as review of literature in the examination of the role of law in creating a healthy and sustainable business environment for private sector participation in infrastructure financing and operation in a post-COVID-19 era in the SSA region. The article recommends among others, the enactment of legislation to create an enabling environment for raising domestic capital for the purposes of private sector–led public infrastructure procurement as well as the implementation of strategies suited for developing economies to attain successful outcomes in private sector backed infrastructure procurement.

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“…Taxes and tariffs revenue can finance water and sanitation infrastructure either in competition or in collaboration with private investors. With proper administrative capacity, taxation and tariffs can be a stable source of viability gap finance in water and sanitation PPPs [22]. The size of the tax base is a fundamental determinant of the amount of revenue that can mobilised.…”

Section: Introductionmentioning

confidence: 99%

Framework Model for Financing Sustainable Water and Sanitation Infrastructure in Zimbabwe

Mundonde,

Makoni

2024

Water

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Financing frameworks for Public–Private Partnerships (PPPs) are lacking in developing countries. This study aims to develop a financing framework for adoption for water and sanitation PPP infrastructure projects in Zimbabwe. Using data covering a 25-year period from 1996 to 2021, Tobit econometric models are applied to the secondary data collected from both international and domestic sources. The results of this study confirm that capital market variables, bank market development, and economic affluence drive the financing of water and sanitation Public–Private Partnership infrastructure projects in Zimbabwe. It was also established that both public and private sources of finance are instrumental in financing water and sanitation PPP projects. The results inform our eventual framework model, which integrates the Public–Private Partnership (PPP) models, sources of finance for water and sanitation PPPs, and the drivers of water and sanitation PPP finance. This study recommends the application of the developed framework in the water and sanitation Public–Private Partnership infrastructure financing policy of developing countries so as to capitalise on the strengths, resources, and networks of the respective stakeholders in the PPPs.

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Viability gap funding for promoting private infrastructure investment in Africa: views from stakeholders

Cited by 9 publications

References 10 publications

The Effects of Africa's Infrastructure Crisis and its Root Causes

The Effects of Africa's Infrastructure Crisis and its Root Causes

Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law

Framework Model for Financing Sustainable Water and Sanitation Infrastructure in Zimbabwe

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