Transport in Africa: capabilities and prospects

 
PIIS032150750004068-6-1
DOI10.31857/S032150750004068-6
Publication type Article
Status Published
Authors
Occupation: Senior Research Fellow
Affiliation: Centre for Global and Strategic Studies, Russian Academy of Sciences
Address: Russian Federation, Moscow
Occupation: Junior Research Fellow
Affiliation: Centre for Global and Strategic Studies, Russian Academy of Sciences
Address: Russian Federation, Moscow
Occupation: Senior Research Assistant
Affiliation: Centre for Global and Strategic Studies, Russian Academy of
Address: Russian Federation, Moscow
Journal nameAsia and Africa Today
EditionIssue 3
Pages35-40
Abstract

Africa continues to attract international business with significant mineral resources and potential for the sales increase of finished products, as well as cheap labor force. Along with this, the continent offers a wide range of opportunities for foreign companies interested in the implementation of the promising programs in a number of the economic sectors. In order to attract TNCs and foreign capital, African governments are striving to create the most favorable business conditions, particularly by improving the investment climate. As a result of the actions of national administrations, high rates of inflow of foreign direct investments remain. At the same time, despite all the measures taken, there are factors that impede the FDIs, one of which is the underdeveloped transport infrastructure. This issue is more relevant to the western, central and eastern parts of the continent, where the state of the sector is poorer in comparison to the north and south of Africa. However, in response to the challenge, all African countries in general are developing programs to modernize existing and create new sector facilities. The main focus is on the implementation of complex projects, which, in particular, include freight and cargo corridors that combine highways and railways, river routes, major seaports and airports. Successful development of the transport infrastructure, first of all, will contribute to the inflow of capital to the region, diversification of the regional economy and increase in productivity. In addition, the processes of integration of regional markets into the world economy will be intensified and additional rates of economic growth will be ensured.  

Keywordsinvestments, trade, transport infrastructure, economic diversification, economic growth, Africa
Publication date27.03.2019
Number of characters19798
Cite  
100 rub.
When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 3, views: 1952

Readers community rating: votes 0

1. Abramova I.O., Fituni L.L. 2017. The Potential of the African Continent in the Development Strategy of the Russian Economy // Mirovaya ekonomika i mezhdunarodnye otnosheniya. No 9 (In Russ.)

2. Doing Business 2018 Fact Sheet: Sub-Saharan Africa // The World Bank. 2018 – http://www.doingbusiness.org/ content/dam/doingBusiness/media/Fact-Sheets/DB18/DB18-FactSheet-SSA.pdf (accessed 8.08.2018)

3. The Global Competitiveness Report 2017-2018 // World Economic Forum. 2018 – http://www3.weforum.org/ docs/GCR2017-2018/05FullReport/TheGlobalCompetitivenessReport2017-2018.pdf (accessed 21.08.2018)

4. Doing Business 2018 // The World Bank. 2018 – http://www.doingbusiness.org/~/media/WBG/ DoingBusiness/ Documents/Annual-Reports/English/DB2018-Full-Report.pdf (accessed 7.07.2018)

5. Bureau of African Affairs Fact Sheet // U.S. Department of State. 2018 – https://www.state.gov/r/pa/ei/bgn/2859.htm (accessed 31.09.2018)

6. Region Profile of Sub-Saharan Africa (SSA) // The World Bank. 2018 – http://documents.worldbank.org/ curated/en/147151513595956472/pdf/SSA.pdf (accessed 30.07.2018)

7. EY’s Attractiveness Program Africa // EY. 2017 – http://www.ey.com/Publication/vwLUAssets/ey-attractivenessprogram-africa-2017-connectivity-redefined/$FILE/ey-attractiveness-program-africa-2017-connectivity-redefined.pdf (accessed 12.10.2018)

8. Transport Infrastructure Development in Africa // IDEP/BADEA. 2018 – https://www.uneca.org/sites/default/files/ PageAttachments/tida_2015_-_course_announcement_eng_final.pdf (accessed 21.09.2018)

9. Study on Programme for Infrastructure Development in Africa (PIDA) Phase III Report Transport // SOFRECO. 2011 http://www.au-pida.org/download/study-on-pida-phase-iii-reports/ (accessed 17.10.2018)

10. Africa Infrastructure – Outlook Report // Programme for Infrastructure Development in Africa (PIDA). 2012 – http://www.nepad.org/resource/africa-infrastructure--outlook-report (accessed 17.10.2018)

11. Connecting Africa: Role of Transport Infrastructure // Export-Import Bank of India. 2018 – https://www.eximbankindia.in/Assets/Dynamic/PDF/Publication-Resources/ResearchPapers/Hindi/91file.pdf (accessed 17.10.2018)

12. Tracking Africa`s Progress in Figures // African Development Bank. 2014 – https://www.afdb.org/fileadmin/uploads/ afdb/Documents/Publications/Tracking_Africa%e2%80%99s_Progress_in_Figures.pdf (accessed 17.10.2018)

13. Africa Infrastructure Knowledge Program // African Development Bank Group – http://infrastructureafrica. opendataforafrica.org/ (accessed 17.10.2018)

14. Foster V., Briceno-Garmendia C. Africa’s Infrastructure: a Time for Transformation // World Bank. 2010 – https://openknowledge.worldbank.org/handle/10986/2692 (accessed 17.10.2018)

15. Global Economy to Expand by 3.1 percent in 2018, Slower Growth Seen Ahead // The World Bank. 2018 – http://www.worldbank.org/en/news/press-release/2018/06/05/global-economy-to-expand-by-3-1-percent-in-2018-slowergrowth-seen-ahead (accessed 17.10.2018)

16. 2010. Market Transformation of African Economy / Eds.: Abramova I.O., Morozenskaya E.V. M. (In Russ.) – https://inafran.ru/sites/default/files/page_file/ekonomika_afriki_v_usloviyah_rynochnoy_ekonomiki.pdf (accessed 17.10.2018)

17. World Bank Forecasts Sub-Saharan Africa 2018 growth at 3.1 pct // New China. 2018 – http://www.xinhuanet.com/ english/2018-04/20/c_137125495.htm (accessed 17.10.2018)

18. Russian Railways, Russian Export Center and African Export-Import Bank agreed on cooperation in the railway sector // ITAR-TASS 28.11.2018 (In Russ.) – https://clients.tass-online.ru/?page=popup&langID=1&aid=12653926 (accessed 09.01.2019)

19. Russia and Egypt plan to establish co-production of freight wagon // ITAR-TASS 04.12.2018 (In Russ.) – https://clients.tass-online.ru/?page=popup&langID=1&aid=12684991 (accessed 09.01.2019)

20. Egypt approved the purchase of 1,300 passenger wagon from the Russian-Hungarian consortium // ITAR-TASS 29.08.2018 (In Russ.) – https://clients.tass-online.ru/?page=popup&langID=1&aid=12241369 (accessed 09.01.2019)

21. JSC Transmashholding bought a locomotive plant in South Africa // ITAR-TASS 18.09.2018 (In Russ.) https://clients.tass-online.ru/?page=popup&langID=1&aid=12329665 (accessed 09.01.2019)

Система Orphus

Loading...
Up