Infrastructure deficit shaves 40% off Africa’s competitiveness

Africa’s multibillion-dollar infrastructure deficit is not only severely hampering seamless regional integration, industrialisation and efficiencies, but is also detrimental to the overarching competitiveness of the emerging continent. It is believed that Africa could be losing in excess of 40% of its competitiveness owing to the absence and inefficiencies of the continent’s infrastructure, which faces a deficit in funding of $93-billion a year over the next 20 years, South African Trade and Industry Minister Dr Rob Davies said on Monday.