Africa: $50 billion needed annually for infrastructure

To maintain sustained economic growth and meet the Millennium Development Goals (MDG), Sub-Saharan African countries have to invest up to US$ 50 billion annually in infrastructure, said Zemedeneh Negatu, the Managing Partner of Ernst & Young, LLP in Ethiopia. He made the comments at the Africa Investor “CEO Forum on Infrastructure, Energy and Clean Tech”, held at the Cape Town International Convention Center.