Standard Chartered Pushes Blended Finance as Key to Africa’s Infrastructure and Climate Goals

Standard Chartered reaffirmed its commitment to blended finance solutions to unlock Africa’s infrastructure financing gap. Speaking at the just concluded Africa Debate in London, UK, Kariuki Ngari, Managing Director & CEO, Kenya and Africa Standard.....
✨ Key Highlights
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.
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