PPPs ‘crucial’ for Africa’s development
10 May 2019 - by
The United Nation’s Economic Commission for Africa (ECA) called for the advancement of public-private partnerships (PPPs) to finance development in Africa, at the fourth International PPPs Forum earlier this week.
In her keynote address, executive secretary Vera Songwe noted that the private sector had a sizeable role to play as an “important driver of growth and poverty reduction on the continent”.
“The landscape of PPPs is not well defined and there is much work needed for both the public and private sector to understand the merits of PPPs,” said Songwe.
The commission has set up a Private Sector and Finance Division to support member countries in implementing PPPs.
“Countries are encouraged to implement at least one or two PPPs to gain knowledge and information on the concept before it can be standardised,” she added.