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AfDB attributes lack of good governance, financing for infrastructure deficit in Africa Infrastructure



 The African Development Bank (AfDB) has attributed lack of good governance and poor financing for infrastructure deficit in African countries.
In a statement posted on its Website on Wednesday, AfDB’s Director for Infrastructure and ICT, Amadou Oumarou said that the shortcomings were responsible for low economic growth of African countries.
Oumarou said that to change the narratives, AfDB and the World Bank would be holding high-level decision-makers in politics, business and civil society meeting over the issue between June 21 and June 22 in Abidjan.
He said that there was need to set the direction for how the infrastructure pipeline could be boosted through better governance.
According to him, participants, during the two days meeting, will brainstorm on the theme, “Building the right infrastructure for tomorrow”.
“They will particularly highlight the relevance of implementing quality standards throughout infrastructure project cycle to ensure its best design and effectiveness,” he said.
Oumarou said the challenge for African countries was to approach infrastructure governance comprehensibly from the planning and prioritization stage to procurement down to maintenance and operation.
He added that such a practice by African countries would help to reap the long term benefits of their investments.