Infrastructure financing rising across the continent with more to come, ICA reports

The perception that international financing for infrastructure projects is on the increase has received confirmation with the publication of the Infrastructure Consortium for Africa (ICA) annual report, which shows a significant rise in commitments and disbursements for energy, transport, water and information and communications technology (ICT) in 2012, as part of a wider trend towards increased support. ICA members – who include multilateral development banks and big bilateral donors – reported commitments of $18.7bn in 2012, following a 59% slump from $29.1bn in 2010 to $11.9bn in 2011.