“When we talk about how to move products, as Africa, we have to invest more in railways. If you are trying to decarbonize your transport system, you need to invest a little more in electric rail systems; if you are going to open up heartlands, agriculture, minerals, metals and so on, because they are heavy things to move, and for haulage, you need rail,” Adesina said.
“We are investing in the Dodoma airport, the Central Corridor that is linking Tanzania-Burundi into the DRC, which is a $3.8 billion effort. We provided $696 million to Tanzania, and we are using a syndication to help raise close to $3.3 billion to be able to build that corridor,” the bank's president said, as cited by the report.
“We are also financing the corridor that links Addis Ababa to Nairobi – Mombasa over 1,000 km. That corridor alone has reduced the distance that people spent coming from Ethiopia to Nairobi from three days to less than 24 hours,” Adesina said. “It has helped improve trade between Kenya and Ethiopia by more than 400 percent.”