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Africa Urged to Spend Billions on Infrastructure

Africa needs to be spending U.S.$93 billion each year on infrastructure, according to the African Development Bank, more than double the current outlays. Stephen Hayes, who has been president and chief executive officer of the the Corporate Council on Africa for 12 years, explains why infrastructure is important both for council members and for the countries where they are doing business.

Photo Essay

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    Building Africa's Infrastructure, June 2012

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    Members of the East African Community have announced budgets that greatly increase spending on large-scale infrastructure projects. Improvements in roads, rail and powerplants aim to increase economic ... see more »

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