Covid response deflates project spending across eastern Africa
A repair crew lays asphalt on a road. Infrastructure projects in the transport sector accounted for 51.5 per cent ($40 billion) of the region’s total. PHOTO | FILE | NMG
Eastern African countries cut $68.3 billion spending on infrastructure projects last year, the largest decline in number of projects and value of projects in sub-Saharan Africa in a year.
This is as a result of the economic fallout from the Covid-19 pandemic sweeping across the region, hitting public finances and pushing governments into massive indebtedness.
