Scaling up the use of innovative finance instruments, such as blended finance, can unlock private sector growth and accelerate broad-based economic development. In addition, deploying impact finance—intentional investment to generate positive and measurable social and environmental impact alongside a financial return—can enable impact-focused businesses, including pioneering firms in new industries, to benefit from better-targeted capital and/or technical assistance.
Furthermore, helping businesses access suitable capital consistent with their growth stage, business models, and supply chain realities is essential in advancing a better, working Africa.
At the macro level, financing and delivering infrastructural projects will enable sustainable and inclusive growth. While the international financial sector, alongside Africa’s public and private sectors, plays a vital role in funding projects, much more finance and investment are required from the global public and private sectors to deliver at-scale low-carbon development outcomes in agriculture, transportation, digital and A.I., and energy infrastructure, among others.
