The African Millennials

The Concept of PPP For Economic Development in Africa


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Public-private partnerships (PPPs) are cooperative arrangements between governments and multinational corporations (MNCs) that are created to finance, construct and manage infrastructure projects. PPPs are a means for governments to gain much-needed private sector investment and expertise for economic development. Historically, Africa’s involvement in PPPs has been limited relative to other continents. However, African governments, which are strapped for resources like other public entities, now have a greater need for infrastructure development to support the continent’s population growth and demand for its commodities from emerging countries.
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The African MillennialsBy Africa Business Radio