Africa must look to Africa for financing

11 November 2018

African states need work with African developmental finance institutions, as well as with those outside the continent, in filling the massive infrastructure gaps that exist.

Speaking to City Press on the sidelines of the three-day Africa Investment Forum – held at the Sandton Convention Centre in Johannesburg this week – CEO of the Africa Finance Corporation (AFC) Samaila Zubairu said that, rather than choose foreign financiers over locals, countries should make use of both on a complementary basis.

“African states should work with both because we all have different roles to play,” he said, adding that the most prominent foreign financiers hailed from China.

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Source: 
City Press

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