The definition of Public Private Partnerships (PPPs) is debatable. PPPs can be defined as long-term contractual arrangements where the private sector provides infrastructure assets and services that have traditionally been provided by governments with the arrangement ensuring that there is some form of risk sharing between the private player and the public sector.
Africa's rapid economic growth over the last decade has brought relatively small improvements for human development. It has been noted that one of the barriers to this has been limited enabling infrastructure. As a result, the World Bank, the International Finance Corporation (IFC) and International Monetary Fund (IMF) have been at the forefront of promoting PPPs for infrastructure development and governments and business leaders across Africa have come to accept PPPs as a means of procuring and financing infrastructure projects for their development.
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