10, May 2017

African Development Bank to invest on Public Private Partnership 0

The African Development Bank has launched a program to promote Public Private Partnership (PPP) Development program in Central Africa. The program on infrastructural development opened in Yaoundé on Monday the 8th of May 2017.

The Director of the African Development Bank for Central Africa, Dr. Ousmane Dori presented numerous financial constraints, faced by African governments. He also noted the importance of exploiting the Public Private Partnership model.

Participants also reflected on other options that can help cover the cost of insufficient infrastructure such as roads, buildings, electricity. Phillippe Genoux, a PPP Consultant said the model will facilitate the financing of projects relieving governments from huge burden.

CRTV