Africa can tap $1.1trn from investors for growth, AFC says

African institutional investors are sitting on $1.1 trillion in capital that could finance the region’s long-term infrastructure needs and power industrial growth, the Africa Finance Corporation said Thursday. Pensions and insurance companies, sovereign wealth funds and public development banks are still channeling funds into “low-risk and short-term instruments instead of being channelled into the real economy,” according to the multilateral lender’s 2025 State of Africa’s Infrastructure Report. The AFC estimates that $455 billion of the capital sits in pension funds, while...