• Monday, April 22, 2024
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Coronation Group spotlights importance of private sector in funding infrastructure projects

Preparing Africa for global leadership through Aig-Imoukhuede Foundation’s Public Leaders Programme.

Coronation Group has unveiled its maiden Infrastructure Report, a product of detailed research that delves into the critical realm of infrastructure financing, spotlighting the increasing importance of private sector involvement in funding infrastructure projects worldwide.

According to the company, with public resources often constrained, private sector investment has emerged as a catalyst for bridging funding gaps and unlocking infrastructure projects that spur innovation, create jobs, and stimulate economic activity.

The Coronation Infrastructure Report elucidates how private sector investments are reshaping the landscape of infrastructure development. It emphasizes the imperative of private sector participation in funding infrastructure projects and underscores the pivotal role that infrastructure investments play in driving economic growth and societal advancement.

Read also: PAI GAMDE, Chief Talent Officer, Coronation Group Limited

Aigbovbioise Aig-Imoukhuede, managing director of Coronation Asset Management, aptly captures the significance of the maiden Coronation Infrastructure Report, emphasizing its role as a pivotal moment in fostering dialogue on infrastructure financing across Africa.

“With infrastructure playing a critical role in driving economic growth and societal development, the report catalyzes informed discussions. By shedding light on the challenges and opportunities in infrastructure financing, it lays the groundwork for efforts to address Africa’s infrastructure needs and unlock its full potential,” he said.

Through rigorous analysis, the Coronation Infrastructure Report meticulously identifies the key challenges and opportunities within infrastructure development, providing invaluable insights to stakeholders. From aging infrastructure to emerging technologies, the report navigates through a spectrum of sectors, offering practical solutions and best practices to propel progress forward.

In recognising the transformative power of private sector financing for infrastructural development, the report highlights the importance of fostering an enabling environment that encourages private-sector participation.

Guy Czartoryski, Head of Research at Coronation, highlights the profound commitment embedded within the Infrastructure Report to deliver comprehensive insights into the infrastructure investment landscape.

“By meticulously analyzing the intricate dynamics of infrastructure investments, the report serves as a beacon of knowledge, guiding stakeholders through the complexities of infrastructure financing across the continent,” Czartoryski said

With the release of the Coronation Infrastructure Report, Coronation Group reaffirms its commitment to shaping a more resilient, inclusive, and prosperous future.