Kenya has urged African nations to aggressively pursue private sector funding for critical infrastructure, shifting from traditional debt to Public-Private Partnerships (PPPs) to boost continental trade and economic resilience. This call was made by Deputy President Kithure Kindiki at the 4th Intra-African Trade Fair (IATF) in Algiers.

• Over half of sub-Saharan African countries are at high risk of debt distress or already in crisis, according to the International Monetary Fund (IMF).
• The African Continental Free Trade Area (AfCFTA) aims to connect 1.3 billion people across 55 countries with a combined GDP of $3.4 trillion.
• Intra-African trade is only 14.4 percent of total African trade, compared to over 60 percent in Europe and Asia, as per the United Nations Economic Commission for Africa (UNECA).
• The Pan-African Payment and Settlement System (PAPSS) reduces transaction costs by an estimated $5 billion annually by allowing real-time settlement in local currencies.