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Dangote partners with Blackstone, Carlyle to invest in Africa’s energy infrastructure
Africa, cited by the Obama administration as home to seven of the 10 fastest-growing economies, is ripe for expansion, Susan Rice, the U.S. national security adviser, said in an interview with Bloomberg News.
“A relative little goes a long way if it’s well targeted and well framed and if you leverage the private sector and foundations and civil society,” Rice said. “That’s a new model of development.”
The World Bank projects a 5.2 percent growth rate for sub-Saharan Africa this year, driven by strong household spending and rising investment in natural resources and infrastructure.
Last month, the BRICS group of nations (Brazil, Russia, India, China and South Africa) agreed to create a US$50 billion development bank to fund projects and serve as an alternative source of finance from the World Bank.
Source: Bloomberg
