Africa’s $2trn Institutional Capital Idle As Real Economy Starves For Funds — AFIS

Africa’s $2 trillion in institutional capital could fund more businesses and infrastructure if regulators ease investment rules and development financiers expand risk-sharing.
Director of the Africa Financial Industry Summit (AFIS), Hicham Al Morabet, stated this in Lagos at a media parley organised by the International Finance Corporation (IFC) and AFIS ahead of the sixth edition of the summit scheduled for November in Luanda, Angola.
Al Morabet said while African banks are recording strong returns and pension funds, insurers and other institutional investors control huge pools of long-term capital, businesses and infrastructure projects continue to face high financing costs and diff...