Why Africa ?

Why Africa ?

We are optimistic about opportunities in the African infrastructure sector. Our multi-sector and multi-region approach ensures we prudently navigate risks and we contend that near- to long-term prospects remain positive across the continent.

Short term

Africa infrastructure deficit


  • Major currencies have dropped by 20%+ in the past year against USD
  • Africa share of Global FDI and manufacturing only 2,6% and 1%, respectively
  • South african load shedding for the next two to three years short 3GW “any given day” along with supply issues for hydro and gas across sub-Saharan Africa (Ghana, Zambia, etc.). Signs of easing
  • Violence in Sudan, Burkina Faso, Nigeria, Malawi, Mali

Medium term

Planned rail investment (USD billion)


  • Only 11 countries ranked as good or better as places to operate in RMB survey
  • Planned rail investments aiming to increase from only 15 inter-regional trade

Long term

Expected infrastructure spend (USD billion)


  • Population living in cities by 2050 projected to be 1 billion, over 50% of the population, equalling today’s population across sub-Saharan Africa
  • By 2040 home to one in five of the planet’s young people