Introduction African governments are confronted with an annual multi-billion-dollar infrastructure funding deficit that cost the continent a 2% annual reduction in its GDP growth. Adopting innovative financing solutions through domestic resource mobilization and governance reforms is therefore critical for governments balancing competing budget lines. The African Development Bank (AfDB) estimates that Africa needs $130–$170 billion annually for a robust infrastructure development. Thus, Africa faces a significant annual infrastructure funding deficit, with estimates ranging from approximately $68 billion to over $100 billion annually, This gap, it is said, stems from factors like…
Africa’s Infrastructure Funding Deficit: The Role of Gold Monetization
