AVCA Advocates Local Value Creation at Africa Summit

The African Private Capital Association (AVCA) convened its Sustainable Investing in Africa Summit in London, advocating for funding hard infrastructure, transitioning from extraction to local value creation, and mobilizing domestic capital. CEO Abi Mustapha-Maduakor highlighted the critical relevance of sustainability in Africa amidst global economic challenges.

British Robinson, Chair of Africa at the Milken Institute, noted Africa's emerging role as a strategic partner on the global stage. ‘Tokunboh Ishmael of Alitheia Capital and Sofiane Lahmar of Development Partners International stressed the importance of local capital for resilient growth. Matthieu Ducorroy from the European Investment Bank linked Africa's resilience to that of Europe.

Saima Rehman from the International Finance Corporation emphasized the need to shift to a localized supply chain economy for sustainable job creation. Harriet Adinkrah from 4DX Ventures called for localized digital infrastructure, while Rachel Moré-Oshodi from ARM-Harith Infrastructure Investment discussed attracting domestic institutional investors.

Adesuwa Ladoja of Lagos Free Zone challenged global risk models, indicating significant capital waiting to be deployed.