The Hard Hat Professional

Africa is confronted with a substantial infrastructure shortfall, necessitating immediate attention and substantial investment to close the gap. Mohammed Abdulrazaq, underscores the critical role of the private sector in addressing this funding gap. According to Mohammed Abdulrazaq, the Senior Vice President and Head of Capital Mobilization and Partnerships at the Africa Finance Corporation,t he cost of structural damage from climate change is projected to reach $400 billion by 2030. Africa's infrastructure deficit could reach $600 billion annually by the same year. Inadequate infrastructure hinders economic growth and development in Africa. Private investment can provide the necessary capital and expertise to drive infrastructure development in Africa. Public-private partnerships are crucial to catalyzing infrastructure projects in Africa. Sustainable solutions require a combined effort from all stakeholders, with the private sector playing a pivotal role in driving progress. The