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[QUOTE="Munyaradzi Mafaro, post: 67008, member: 636"]
African financial institutions pledged billions of dollars for infrastructure at the Luanda Summit on Financing Infrastructure Development in Africa, held Oct. 28 to 31 under the patronage of Angolan President João Lourenço. Organizers said the event unlocked nearly 44 billion dollars in investment opportunities to back transport, energy, water, and digital projects and to build a market space that supports trade and investment. Delegates framed the push as a step toward financing projects from within the continent and raised the role of greater intra-African trade in generating capital.

The summit’s theme focused on connectivity and growth as leaders and partners advanced agreements and policy work. AUDA-NEPAD and other agencies said closing Africa’s estimated 170 billion dollar annual infrastructure gap will require joint action and reforms that boost cross-border commerce. South Africa’s assumption of the G20 presidency on Dec. 1, 2025, featured in discussions about championing African priorities. Speakers pointed to the African Continental Free Trade Area as a tool to lift intra-African trade from about 18 percent of total trade and to expand economic output by 2035.
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