The Togolese prime minister mr gilbert fossoun houngbo has noted that weak public sector in many African governments has costed the continent from attracting massive investment in its infrastructure.
Speaking at the on going Africa-india conclave meeting in new dehli, Mr houngbo said the public sector in most African countries is very weak and lacks capacity to monitor investments in infrastructure development.
He has since called on the African governments to help build capacity in its public sector if it has to undertake its supervisory role as well as monitoring of any projects which may be implemented in the continent.
And Mr houngbo also pointed out that the continent needs about 22 billion dollars of investments in various infrastructure such as roads, airports, electricity among others to easy the way of doing business in Africa.
And speaking at the same meeting, infrastructure advisor from Ernst and young mr miltch khalpey said Africa must realize the pivotal role that infrastructure plays in economic development.
He said Africa must learn from the Indian experience and build its infrastructure from its current level to that which will propel massive investment inflows.
Mr khalpey added that African government must realize that the involvement of the private sector in these ventures is vital if the projected investment in infrastructure is to be attained.
India and Africa have set a target to take two-way commerce to $70 billion by 2015 on the back of increasing economic engagement between the two sides.
Over 650 participants from more than 36 African nations, including Zambia and other 19 African countries, are taking part in the conclave which is being held under the theme “creating possibilities:delivering values”.
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