T
Originally published by The Standard Business
📰 Read Full Article
August 18, 2025
6h ago

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

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.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article