Ivory Coast, Senegal & Guinea to make large investments in infrastructure
For the Ivory Coast, its government is expected to invest $25 billion (USD) in infrastructure by 2020. Finance Minister Niale Kaba recently announced that 94 projects, including highways, bridges, hydroelectric dams and industrial parks, would be invested in from 2016 to 2020 with public-private partnerships. The West African country is expected to experience 10 percent growth this year.
Senegal is also investing in infrastructure, with the goal of doubling its growth by 2020. Aiming to improve the traffic in Dakar, the country is building a new city near the town of Diamniadio. Senegal also plans to build an airport and a university. In addition, China will fund a 123-acre industrial park in the region.
Finally, Guinean President Alpha Conde inaugurated his $526 million Kaleta hydroelectric project last month, and already, it has tripled the energy supply in the country.