Private Capital Investment In Africa Set To Rise

Amanda Cheesley

12 September 2022

Private capital investment in Africa is set to reach new highs this year and for the next three years as money goes into Africa-focused funds and new projects, research for blockchain-based mobile network operator a key factor,” he added.

“The importance of internet connectivity to economic development will only grow in the future but there are still areas where delivering affordable and reliable connectivity remains an issue,” he said.

World Mobile’s balloons will be the first to officially launch in Africa for commercial use, offering a more cost-effective way of providing digital connection to help bring nearly four billion people online before 2030 in line with the UN and World Bank’s SDGs.

Back in 2019, the EU also stepped up efforts to catalyse public-private investment in African agriculture, with the launch of the Agri-Business Capital Fund. The blended finance impact fund, which received money from the European Development Fund, aims to increase agricultural smallholders' access to finance through loans. The fund, which forms part of the Africa-Europe Alliance for Sustainable Investment and Jobs, is designed to create 10 million jobs in Africa in five years.