The African Development Bank estimates that Africa needs between $130 - $170 billion annually to fund infrastructure development, with a financing gap of up to $108 billion per year due to inadequate funding sources.
The “Big Four” nations – Nigeria, Kenya, South Africa, and Egypt – have continued to dominate tech funding in Africa. In addition – 89% of the funding is foreign.
- How can local private capital be unlocked and foreign capital inflows further strengthened?
- What policy measures can support private capital going beyond the “Big Four” to other countries on the continent?
- What role can development finance institutions play to further increase the flow of private capital into Africa and vice versa?
- How could public and private capital together unlock innovation, and drive financial inclusion on the Continent?
Bridging the Funding Gap: Building Private Capital and Leveraging Development Finance
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