The African Development Bank (AfDB) and the Africa Social Security Association (ASSA) have signed a partnership agreement aimed at mobilising domestic capital from pension and social security...
AfDB and ASSA signed a Letter of Intent on May 28 to redirect African pension and social security funds toward continental infrastructure and development projects. For institutional investors and multilateral-aligned funds, the deal signals a structural shift in Africa's capital allocation strategy—domestic pension pools as active development vehicles, reducing sovereign dependence on external debt.
By
The Citizen Reporter
Media/news company
Mwananchi Communications Limited
Dar es Salaam. The African Development Bank (AfDB) and the Africa Social Security Association (ASSA) have signed a partnership agreement aimed at mobilising domestic capital from pension and social security funds to finance development projects across Africa.
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