Over the past two decades, Zimbabwe’s infrastructure has hardly seen any investment. According to an AfDB economist, Zimbabwe will require US$34 billion over the next decade to restore its road, rail, aviation, energy, ICT and water and sanitation infrastructure to proper working condition.
AfDB’s principal country economist, Walter Odero while speaking at the launch of the 2019 Zimbabwe Infrastructure Flagship Report in Harare yesterday had this to say:
The report we are launching today confirms that the country needs US$34 billion over the next decade to restore its road, rail, aviation, energy, ICT and water and sanitation infrastructure to proper working condition.
Given how Zimbabwe has struggled to attract foreign direct investment due to sanctions and corruption, it is not clear how such money will be raised.
