Shift in Africa's Development Approach Emphasizing Project Preparation

TLDR

• Africa50’s emphasis on project preparation may therefore be one of the most important shifts in Africa’s development approach.
• For decades, African leaders have outlined ambitious national development plans, supported the African Union’s Agenda 2063 and promoted the African Continental Free Trade Area (AfCFTA) as a foundation for future.
• Africa50’s model seeks to use public resources as a catalyst to attract larger pools of private investment through better project preparation and risk-sharing mechanisms.
• However, Africa50’s most important contribution may be changing how governments view infrastructure itself.
• Africa50 should not be judged by conferences held or memoranda signed.