World Bank urges South African firms to seize $45bn African procurement opportunity

The World Bank Group is actively encouraging South African businesses to participate more actively in a $45-billion procurement opportunity that will arise over the coming three years as a result of a recently approved funding commitment to 39 low-income African countries. Executive director for South Africa, Nigeria and Angola Bongi Kunene tells Engineering News Online that $70-billion has been allocated to International Development Association (IDA) projects since July 1, of which $45-billion has been set aside for Africa.