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Originally published by Capital Business
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business
April 23, 2026
3h ago

Africa must deploy Sh260 trillion savings into industry, Ruto tells summit

Africa must deploy Sh260 trillion savings into industry, Ruto tells summit

President William Ruto has called for regional integration and African-led financing after a report revealed the continent holds over $2 trillion in domestic capital...

✨ Key Highlights

Kenyan President William Ruto has urged African nations to invest their substantial domestic savings into industrialization, emphasizing the need for regional integration and improved infrastructure to unlock economic growth.

  • Africa now holds over $2 trillion (Sh260 trillion) in domestic capital, surpassing external financing flows.
  • The call was made at the Africa We Build Summit in Nairobi, following a report by the Africa Finance Corporation.
  • Kenya will increase its equity investment in the Africa Finance Corporation by Sh3.25 billion as the institution opens a regional office in Nairobi.

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