How Africa’s pension funds are financing the continent’s infrastructure gap

African countries have huge infrastructure needs, and governments need private investment to help meet them, particularly considering increasing climate impacts and green development agendas. Local pension funds and other institutional investors are a significant but untapped source of finance. Two examples of pension fund consortiums, in Kenya and South Africa, offer promising models for engaging Africa’s institutional investors in closing the infrastructure financing gap and meet the continent’s growing infrastructure development needs. In just three years, these two consortiums have...