Traditional financings and dependence on commodity-fueled budgets will no longer cut it for the world's most rapidly growing frontier market. The world bank stipulates that ~US$93 billion will be required annually to meet Africa's infrastructure needs until 2020. That's just over US$650 billion dollars.
Sukuk issuances will play a big role going forward.
Nigeria and South Africa are at the forefront of financial reform in this regard.
Attached is a great article from Islamic Finance laying out the framework and developments: "Meeting Africa's infrastructure needs"
Click here to view article PDF!
Sukuk issuances will play a big role going forward.
Nigeria and South Africa are at the forefront of financial reform in this regard.
Attached is a great article from Islamic Finance laying out the framework and developments: "Meeting Africa's infrastructure needs"
Click here to view article PDF!
