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Africa infrastructure investment surpasses $100bn mark

The African Development Bank has released its findings at the Africa Investment Forum in Sandton on Tuesday.

The Africa Investment Forum got under way on 12 November 2019. Picture: @SAGermanChamber/Twitter

JOHANNESBURG – It’s emerged that infrastructure investment in Africa surpassed the $100 billion mark for the first time in 2018.

The African Development Bank released its findings at the Africa Investment Forum in Sandton on Tuesday.

The bank said a quarter of the $100 billion that funded infrastructure in 2018 went to West Africa and more than 40% went to energy.

At least $38 billion came from various governments while $25 billion came from China.

An estimated $6 billion financed energy and 21 of the projects were in South Africa.

South Africa received $18 billion, which was double the average of $9 billion it was receiving in the previous three years.

WATCH LIVE: Africa Investment Conference