Event

2nd CII Summit on Innovative Financing Partnership with Africa

South-South Global Thinkers Team

 

Africa is home to some of the fastest-growing economies in the world and the continent is expected to see a doubling of its population and substantial development would be required across the continent in coming years. As per estimates, Africa’s average annual GDP growth is expected to exceed 3% and the continent would need to finance a further $750 billion of capital spending over ten years.

With AfCFTA taking center stage, there will be a growing requirement for physical infrastructure to facilitate trade in addition to opportunities in agriculture, manufacturing, services, power & energy, water, etc. Most African countries have very little fiscal space to finance large projects, and low-Income countries face difficulty in accessing funds creating a need for innovative financing for development in Africa. As businesses have started reinvigorating their international efforts after the disruption caused by Covid19, it is essential to bring the spotlight on financing mechanisms, which form the backbone of all major project development and investment in Africa.

The second edition of the CII Innovating Financing Summit will discuss the financial landscape, domestic and international financing tools, challenges and innovative financing models to enable the industry to participate in the economic growth of Africa. The initiative will see the participation of eminent Indian and International speakers from Financial Institutions, Industry and the Government, to provide valuable insights and set the roadmap for the future.

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