This article studies the appropriate financing structure of infrastructure investment in Africa. It starts with a description of recent initiatives to scale up infrastructure investment in Africa. The article then uses insights from the literature on informed versus arm's-length debt to discuss the structure of infrastructure financing. Considering the differences ...

We examine the effect of the interaction between resource rents and democracy on corruption and internal conflict for a panel of 29 Sub-Saharan African countries during the period from 1985 to 2007. We find that higher resource rents lead to more corruption and that the effect is significantly stronger in less democratic countries. Surprisingly, we also find that h...