IFC mobilises USD 1.6bn for private infrastructure projects in Africa in 2012.

By bne IntelliNews January 10, 2013
The International Finance Corporation (IFC), the World Banks private investment arm, has mobilised a total of USD 1.6bn worth of investments to support private infrastructure development projects in Africa last year, more than double the amount in 2011, Ghana Business News reported. The infrastructure projects, supported by the IFC in 2012, were focused mainly on expanding ports and railways, and backing the telecoms and power sectors, including renewable energy. The IFCs support included also advising African governments and local municipalities on how to engage the private sector in essential public services and on how to restructure state-owned enterprises. The IFC expects its support for public-private partnerships for the period from 2008 to 2012 to facilitate more than USD 175mn in private financing for infrastructure and health, and to provide improved services to 500,000 people.

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