Disasters Ruin $12.7 Billion of Africa Infrastructure Yearly
Houses submerged under water in the Adonkolo district of Lokoja, Nigeria on Oct. 12.
Photographer: Haruna Yahaya/AFP/Getty ImagesThe average annual loss of infrastructure including buildings caused by disasters in Africa is $12.7 billion, according to the Coalition for Disaster Resilient Infrastructure.
Of the damage 70% is caused by floods followed by earthquakes, which are less frequent but more catastrophic, at about 28%, the group said in a report on Monday. The CDRI is a coalition of 59 member countries and organizations.