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Contribution to the African Investment Facility in support of continental economic integration across Africa

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© European Commission
© European Commission

Contributing to poverty reduction and to sustainable and inclusive economic development through economic integration across Africa, with an emphasis on the improvement of continental infrastructures.

The action aims to support Africa in addressing the infrastructure deficit that hampers competitiveness. This is in line with the continental strategies and/or master plans (such as the Programme for Infrastructure Development in Africa (PIDA)) that call for investments for the development of more integrated transport and energy infrastructures in order to boost continental interconnection and growth.

This programme is financed by the EU under the Annual Action Programme 2017 of the DCI Pan-African Programme.

This project aims at contributing to poverty reduction, and sustainable and inclusive economic development in Africa through continental economic integration, with an emphasis on the improvement of economic infrastructures. The project supports, inter alia, renewable energy and energy efficiency, Information and Communications Technologies (ICTs) as cross-sectoral enablers within subsectors, safe and integrated transport corridors and better management of water resources and the strengthening of the water-energy-food nexus.

The contribution to the African Investment Facility is aimed at supporting a pipeline of bankable sustainable infrastructure projects adequately prepared and ready for financing, in line with the Pan-African priorities for infrastructure. Specific projects supported shall be implemented under the leadership of Lead Financial Institutions.

EU support will address projects with a continental dimension that can swiftly and efficiently deliver results in the transport, energy, water and Information and Communication Technology (ICT) sectors. For all the above subsectors the investments will especially focus on main corridors in line with the Programme for Infrastructure Development in Africa (PIDA) priorities ensuring continental coverage or the linking of networks at an inter-regional level, aiming at achieving integration and, ultimately, job-generating growth.

In addition, funds from this contribution to the AfIF may be used to perform the necessary studies to develop and finalise the most promising investment projects exploring both traditional and innovative financing mechanisms. The type of preparatory work may include pre-feasibility, feasibility and detailed design studies or complementary (environmental/social) studies or updating of existing studies.