Nov 20 , 2023
African economic conference aimed at private sector attraction to Public Private Partnerships (PPP) was held at the UN Economic Commission for Africa (ECA). The pitfalls and prospects of partnership were discussed among participants. Getahun Moges, an energy sector expert said that engagement between governments and the private sector in Ethiopia was indicated to be moving at a slow pace resulting in unnecessary delays. Robert Lisinge, acting director of the private sector division at ECA discussed the importance of partnerships to fill the financial gap. African Development Bank (AfDB) estimates that up to 170 billion dollars is needed for infrastructure development every year, leaving a substantial gap of up to 108 billion dollars. Lisinge disclosed the ECA has been working with African countries and helping mobilise resources.
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