Cairo – Mubasher: The project to connect over 55 African countries will cost more than $250 billion to be funded by banks and global companies that will execute the project, Egypt president Abdel Fattah el-Sisi stated on Saturday.
Each of these countries will sign an agreement for a soft loan, el-Sisi added during Africa 2019 Conference, according to eXtra News.
The more the cost of finance increases in Africa, the more risks become likely, he remarked.
El-Sisi noted that a continental infrastructure will reshape and transform Africa in 10-15 years.
The relationship between African governments and the private sector is at its best and marked by mutual trust, however, the fruit of this relationship is still very humble, the Egyptian president said.
