From an estimated funding gap of $93 billion a year up to 2020, Africa's infrastructure financing needs were further revised to $130–$170 billion annually. The Program for Infrastructure Development in Africa Priority Action Plan projects were estimated to gulp $68 billion and an estimated...

Africa's economy has “benefited” from the substantial increases in commodity prices since 2009. While this trend undoubtedly has a positive effect on countries that export oil and other commodities, many further steps need to be taken before it can be affirmed that these increases really...

Do sovereign wealth funds (SWFs) contribute to Africa's development? This paper assesses the objectives of SWFs (fiscal stabilization, productive investment, intergenerational saving) and discusses alternatives. We argue that fiscal stabilization funds are often necessary, but entail...