Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Business, Financials
May 28, 2013

Africa need billions to continue growth

MARRAKESH, Morocco — AFRICA has witnessed remarkable growth over the past decade but must invest heavily in infrastructure to continue on this path, leaders from the continent said on Tuesday.

The economies of countries in sub-Saharan Africa grew annually by nearly 5.0 per cent in the previous 10 years, the African Development Bank said at the five-day meeting being held in the Moroccan city of Marrakesh.

But that “may not benefit a wider section of the population… unless there is a marked improvement in infrastructure,” it said.

Ibrahim Bocar Ba, commissioner for the Economic Community of West African States, said it was a key concern for the regional bloc.

“We have five priorities at ECOWAS. The first is peace, of course. But infrastructure comes straight after that” because it is “the engine of all regional integration,” he said.

Of the 51 projects that make up the Programme for Infrastructure Development in Africa, 21 involve the West African sub-region.

Launched in 2010, the PIDA, headed by the AfDB, aims to implement infrastructure projects at a cost of US$68 billion by 2020, and US$360 billion by 2040, with their realisation depending on “the political will and determination to act,” the bank says.

Rwandan President Paul Kegame told delegates that real progress in Africa required “a strong commitment and drive towards deepening economic integration through cross-border projects such as transport corridors and transnational electric and water supplies.”

Ivory Coast Prime Minister Daniel Kablan Duncan mentioned as an example of regional cooperation through infrastructure projects the Abidjan-Lagos motorway.

Construction of the 1,000 kilometre motorway, which would link five countries and cost an estimated eight billion dollars, should begin by 2015, the Ivorian premier said.

According to the AfDB, the capital investment required to implement the PIDA projects up to 2020 was “much less than one per cent of Africa’s GDP.”

The bank emphasised the “enormous exploitation potential” from the continent’s natural resources, which it said “could finance an important part of infrastructure development.”

— AP

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Leaders set blistering pace at Sandals US Travel Advisors Golf Tournament
Latest News, Sports
Leaders set blistering pace at Sandals US Travel Advisors Golf Tournament
ANDRE LOWE Sports content manager lowea@jamaicaobserver.com 
September 11, 2026
The Nicklaus team produced a remarkable opening round of 60 to establish an early lead at the 22nd staging of the Sandals US Travel Advisors Golf Tour...
{"jamaica-observer":"Jamaica Observer"}
‘Chicken’ killed in St Andrew police shootout; illegal gun seized
Latest News, News
‘Chicken’ killed in St Andrew police shootout; illegal gun seized
September 11, 2026
KINGSTON, Jamaica —A man was shot dead during a alleged confrontation with the police at Lincoln Alley in St Andrew on Friday morning. The dead man ha...
{"jamaica-observer":"Jamaica Observer"}
JPS Freezer Swap Initiative in Riverton Meadows empowers small business operators
Advertisement, Latest News, Social Love
JPS Freezer Swap Initiative in Riverton Meadows empowers small business operators
September 11, 2026
JPS, through its Community Renewal Department, has taken another step to empower residents in the Riverton Meadows community, more popularly known as ...
{"jamaica-observer":"Jamaica Observer"}
Jamaican boxers make weight ahead of Caribbean showdown
Latest News, News
Jamaican boxers make weight ahead of Caribbean showdown
September 11, 2026
GEORGETOWN, Guyana — Jamaicans Daniel Hylton and Toriano Nicholas have successfully made weight ahead of their respective bouts at the Caribbean Boxin...
{"jamaica-observer":"Jamaica Observer"}
CPFSA removes five abandoned babies from Spanish Town Hospital
Latest News, News
CPFSA removes five abandoned babies from Spanish Town Hospital
September 11, 2026
KINGSTON, Jamaica —The Child Protection and Family Services Agency (CPFSA) has removed all five babies who were previously abandoned by their parents ...
{"jamaica-observer":"Jamaica Observer"}
Latest News, News, Videos
Market Bag: Peppers hit $700, lettuce now $1,500 as food prices continue to soar
September 11, 2026
KINGSTON, Jamaica — Food prices continue to rise at the Coronation Market in downtown Kingston as farmers struggle with the effects of a worsening dro...
{"jamaica-observer":"Jamaica Observer"}
APB recovers $17.6m in stolen agriculture produce
Latest News, News
APB recovers $17.6m in stolen agriculture produce
September 11, 2026
KINGSTON, Jamaica   — The Agricultural Protection Branch (APB) of the Jamaica Constabulary Force (JCF) is reporting the recovery of more than $17.6 mi...
{"jamaica-observer":"Jamaica Observer"}
Cashan urges fans to ‘Take It Easy’ amid social media pressure
Entertainment, Latest News
Cashan urges fans to ‘Take It Easy’ amid social media pressure
September 11, 2026
Reggae singer Cashan is encouraging listeners to resist the pressure of social media and allow success to unfold naturally with her latest single, Tak...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct