AfDB: Africa Can Save $299 Billion Annually Through Investment

The African Development Bank (AfDB) has disclosed that Africa can save approximately $299 billion each year by enhancing public investment efficiency. This information is part of the 2026 African Economic Outlook (AEO) report, released during the bank's annual meeting in Brazzaville.

The report emphasizes the continent's growing fiscal pressures and identifies several major financial opportunities that could significantly bolster Africa's development capacity. Despite global geopolitical tensions and tighter financial conditions, Africa remains one of the fastest-growing regions in the medium term.

The report also indicates that Africa faces an annual financing shortfall exceeding $1.3 trillion to meet the United Nations Sustainable Development Goals (SDGs). The AfDB believes that improving domestic revenue mobilization and implementing deeper reforms are essential to narrowing this financing gap.

As of October 31, 2025, the AfDB's active portfolio in Nigeria consists of 52 projects valued at $5.1 billion.