Standard Chartered is advocating for blended finance as a solution to bridge Africa's infrastructure financing gap, as discussed by Kariuki Ngari, Managing Director & CEO of Standard Chartered Kenya and Africa, at the recent Africa Debate in London.
- US$130 billion is the annual infrastructure deficit faced by Africa.
- The bank financed US$4 billion worth of infrastructure projects in Africa last year.
- Major projects include EUR533 million for Côte d’Ivoire and €1.29 billion for an Angolan solar program.