For sub-Saharan Africa, guests from Morocco’s business and diplomatic communities are meeting in Casablanca. The event was organized around the Private Infrastructure Development Group (PIGD) and InfraCo Africa.
A major investor
In Africa, PIGD, a developer and investor in infrastructure projects, is funded by European governments and the IFC. Its mission is to mobilize private sector support for infrastructure projects in sub-Saharan Africa and Asia. Over the past 20 years, the PIDG has committed to supporting 190 infrastructure projects.
These projects mobilized $23 billion from the private sector for a total of $37.6 billion. They provide almost 220 million people with access to new or improved infrastructure. The company invested more than $165 million on the continent, raising $1.2 billion for the completion of several infrastructure projects.
Projects for renewable energy
InfraCo Africa implements projects in conflict-affected states: Senegal, Sierra Leone, Liberia and Nigeria. Most of the initiatives are in renewable energy (solar, hydroelectric and geothermal). In addition, these actions benefit the power and shipping network in sub-Saharan Africa.
The company currently supports a pipeline of 30 projects and companies across 13 countries. Gilles Vaes, Managing Director of InfraCo Africa, says:
“We are always looking for new partnerships and opportunities that can transform access to infrastructure in sub-Saharan Africa.”
The event announced an innovative model of mini networks of company and agricultural processing centers in Rwanda.
