Africa’s pension funds and other collective investment schemes other institutional now hold over USD 600 billion, substantial long-term capital, ranging from USD 17 billion in Nigeria to USD 390 billion in South Africa to USD 20 billion in Kenya, yet most remains concentrated in government securities rather than productive sectors such as infrastructure, housing and SMEs, according to a new Landscape Report on Africa’s Institutional Capital Markets.

The report, which was released at the continent’s first Pan-African Fund Manager’s Alliance (PAFMA) Conference in Nairobi, examines why this persists and what could change. It concludes that closing the gap between the scale and impact of long-term savings is critical to financing Agenda 2063.

The African Union’s 50-year blueprint for transforming Africa into a global powerhouse – and the continent’s ability to mobilise and deploy its own domestic capital.

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