Luanda summit targets Africa's $100 billion infrastructure funding gap

African heads of state will gather in Luanda from October 28-31 for a high-stakes summit aimed at closing the continent’s $100 billion annual infrastructure funding gap...
✨ Key Highlights
African leaders are set to convene in Luanda, Angola, from October 28-31 for a summit addressing the continent's substantial infrastructure funding shortfall. The event, hosted by Angola in partnership with the AUDA-NEPAD and the AUC, aims to secure solutions for the $100 billion annual infrastructure funding gap.
- Africa requires between $130-$170 billion annually for infrastructure, but only secures about $80 billion.
- Angolan President João Lourenço, current African Union chair, will showcase the $6 billion Lobito Corridor as a successful model.
- Discussions will focus on mobilizing $1.3 trillion by 2040 for a single electricity market, leveraging Africa's $70 billion in pension and sovereign wealth funds, and financing climate-resilient infrastructure.
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