The African asset management industry has been expanding, driven by growing domestic capital markets and
rising demand for professional investment services. The sector is increasingly seen as an important channel for
mobilising savings and supporting economic development.

Africa’s pension and asset management industries are progressing, albeit unevenly. The picture is the same across many markets: low retail participation, conservative allocations, uneven supervision and voluntary rather than consistent ESG practice. These patterns explain the gap between the scale of long-term savings and the impact those savings is delivering for members and economies. Closing this gap is critical to financing the African Union’s Agenda 206330 – the continent’s shared vision for ‘The Africa We Want’ – which depends on the continent’s ability to mobilise and deploy its domestic capital.

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