Africa has least default rate on infrastructure projects, say leaders
African Development Bank president Akinwumi Adesina speaks during the opening ceremony of the Africa Investment Forum 2022. He noted that Africa has the lowest default rate on infrastructure projects in the world, at 5.5 per cent. PHOTO | COURTESY | AFDB GROUP
African leaders have said the continent’s investment risk has been exaggerated, making investors hesitant to put their money in its development projects.
Quoting a Moody’s Analytics report on defaults on infrastructure investments, African Development Bank (AfDB) president, Dr Akinwumi Adesina, noted that Africa has the lowest default rate on infrastructure projects in the world, at 5.5 per cent.
