Private Equity Roads

The Economist reports on a plan by Sam Jonah for private equity funding of road infrastructure:

Mr Jonah is trying to raise $250m to build long-distance roads across Africa—the lack which is one of the most obvious failures in the continent’s infrastructure. His goal is to find 50 successful African business people, each willing to invest $5m in the fund, and then to use multilateral funds to leverage the money into the billions. “People in Africa, if they come together, can make a big difference,” says Mr Jonah. “What I want to do is put my money where my mouth is.”