Africa’s $4 Trillion Challenge Is Better Deployment, AFC Says
Vehicles driving along the Lagos-Calabar Coastal Highway in the outskirts of Lagos, Nigeria.
Photographer: Olympia De Maismont/AFP/Getty Images
Africa’s infrastructure challenge is shifting from raising capital to deploying funding in projects that support trade, industry and long-term economic growth on the continent, according to the Africa Finance Corp.
The pool of domestic financial resources with banks, pension funds, insurers and sovereign institutions now stands at $4 trillion, the pan-African lender said in a report published on Thursday.