Africa builds 'megaprojects' faster than ever despite debt risks

African nations are building major infrastructure projects at an unprecedented rate to boost energy independence and improve logistics. The war in the Middle East, which supplies much of Africa’s fuels, has accelerated efforts to build new refineries and pipelines, while competition between China and the US for influence has brought billions in infrastructure investment. Rising debt payments and aid cuts, however, are squeezing public finances, with The Economist warning that ambition alone will not be enough.