Infrastructure Development In Africa: Watch This Space
November 18, 2013, 6:37 PM EST
Law360, New York (November 18, 2013, 6:37 PM EST) -- Africa is the center of some of the world’s fastest growing economies, helping position the continent as a global economic player. The African Union Strategic Plan, developed in May 2013, outlines the African Union’s main priorities over the next four years and identifies infrastructure development in sectors such as energy, power generation and distribution, transportation, water, and telecommunications as a crucial priority.
These development plans may translate to almost $70 billion in capital expenditures by 2020 or, as some research estimates, infrastructure development in Africa must...