NAIROBI, April 24 (Xinhua) -- Africa's domestic capital base has risen to 4.4 trillion U.S. dollars, highlighting the continent's capacity to finance high-impact infrastructure projects, according to a new report by the Africa Finance Corporation (AFC).
The 2026 State of Africa Infrastructure Report, launched Thursday at the Africa We Build Summit in Nairobi, the capital of Kenya, said African countries could better leverage domestic resources, including pension funds, to finance projects such as roads, ports, and fiber-optic networks.
The report said that non-bank domestic capital pools, comprising insurance and pension assets, have exceeded two trillion dollars across the continent, placing Africa in a strong position to invest in modern infrastructure, industrialization, and the green and digital transition.
"Africa does have capital and the challenge going into the future is to deploy it into productive sectors of the economy, catalyzing the transformation that is required on the continent," said Samaila Zubairu, president and chief executive officer of AFC, a pan-African investment-grade multilateral financial institution.
Zubairu added that local savings can be channeled into cross-border transport infrastructure, agro-processing zones, data centers, and logistics hubs to boost export competitiveness and drive job creation. ■