African Social Safety Affiliation has entered into alliance with the Africa Finance Company (AFC) to mobilize $1.17 trillion in nationwide financial savings for infrastructure funding.
Underneath a plan dubbed ‘Africa Saving for Progress’ program, the push will run beneath the auspices of the World Africa Enterprise Initiative (GABI), a part of the UN World Compact.
Program seeks to develop Africa’s capital-pools dataset, and improve allocation to infrastructure and personal sector-led tasks in Africa.
A brand new program involving social safety establishments throughout 15 nations in Africa seeks to mobilize as much as unlock $1.17 trillion in nationwide financial savings for vital infrastructure investments.
The deal, which was unveiled beneath the World Africa Enterprise Initiative (GABI) in the course of the ongoing UN Normal Meeting in New York is tailor-made round a reform program that seeks to develop Africa’s capital-pools dataset, and improve allocation to infrastructure and personal sector-led tasks in Africa.
In an replace to newsrooms, the ‘Africa Saving for Progress’ program brings collectively social safety establishments from 15 nations, Morocco’s CDG Group, and the Africa Finance Company (AFC).
“Africa-led funding is the best approach to shortly obtain the size of transformation we want whereas catalysing worldwide help for the continent’s infrastructure,” mentioned Samaila Zubairu, President & CEO of AFC.
Samalia added: “This initiative is about Africans coming collectively to place our personal capital to work for Africa’s progress. By becoming a member of forces, our pension funds and monetary establishments can unlock new alternatives, drive improvement, and display the ability of collective motion to construct the continent’s future – with out compromising fiduciary duties.”
Tapping social safety funds to put money into put money into long-term infrastructure
In line with the AFC and the Africa Social Safety Affiliation (ASSA), the continent-wide initiative will carry collectively institutional financial savings to work put money into long-term infrastructure, a plan that builds on AFC’s 2025 evaluation that recognized a minimum of $1.17 trillion in institutional property throughout Africa.
Launched beneath the auspices of the World Africa Enterprise Initiative (GABI), which is a part of the UN World Compact, the ‘Africa Saving for Progress’ program prioritizes particular deliverables that worldwide traders and policymakers can act on. A few of them will embrace:
Open capital-pools database: Underneath this class, the ‘Africa Saving for Progress’ initiative will create and recurrently replace probably the most complete, market-accessible dataset on African institutional financial savings, together with pension funds, insurance coverage, social safety establishments, public improvement banks and sovereign wealth funds.
Coverage reform roadmap: Right here, ‘Africa Saving for Progress’ will provide sensible suggestions—prudential tips, risk-sharing mechanisms, and intermediation autos—that allow pension and social-security funds to put money into infrastructure whereas preserving asset-liability matching.
Financial savings mobilization playbook: Nation-level methods to extend formal participation and scale back the drag from massive casual economies.
Allocation diversification fashions: Pathways to shift portfolios away from short-term, low-yield devices that focus public-sector publicity and crowd out non-public enterprise.
Catalyze social and financial improvement: Excessive impression tasks that may catalyze social and financial improvement in African nations by connecting folks, nations, enhance productiveness and enhance high quality of lifetime of the folks in Africa and guarantee Pension Funds sustainability.
The analysis and advocacy initiative is delivered with main long-term financial savings establishments, together with the Africa Social Safety Affiliation (ASSA)—bringing collectively nationwide social safety funds from 15 nations with greater than $54 billion in pension property—and CDG Group (Morocco), one of many continent’s most influential stewards of long-duration capital.
AFC’s 2025 statistics present that pension and social-security portfolios throughout many markets are under-leveraged for improvement, concentrated in short-tenor devices that restrict returns and private-sector financing.
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Africa Saving for Progress program
The Africa Saving for Progress program will floor replicable classes from profitable nationwide fashions and chart a realistic path to risk-managed, long-duration allocations.
“This alliance is a pivotal step for Africa’s long-term financial savings group—bringing collectively pension, social safety, and different institutional traders,” mentioned Meshach Bandawe, Secretary Normal of the Africa Social Safety Affiliation (ASSA). “This initiative displays the ambition of the African Union’s Agenda 2063: constructing a affluent and inclusive Africa, underpinned by vibrant home and regional monetary markets, related by fashionable infrastructure and powered by shared progress.”
“African pension funds and institutional traders face the problem of harnessing home financial savings and remodeling them into a real driver of financial and social improvement, notably by means of infrastructure financing. We work intently with sister organizations throughout Africa to align efforts, share experience, and unlock the complete potential of long-term capital within the service of accountable improvement,” mentioned Khalid Safir, Director Normal, Caisse de Dépôt et de Gestion (CDG).
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