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Charlie Corbett, economics editor at The Banker, opened the Leadership series round table by quoting a recent report by the Africa Infrastructure Country Diagnostic that found that bad infrastructure in 24 selected African countries cut national economic growth by two percentage points and reduced business productivity by 40%. The same survey found that in order to bring infrastructure on the continent up to a standard whereby true efficiencies could be gained, a staggering $31bn per year needed to be pumped in.
