Putting Africa’s savings to work

African economies will not be able to meet their development goals unless they can mobilize their own resources. But to do that, policymakers must confront a fundamental question: Where are the investment platforms that are needed to effectively channel domestic savings into productive investment? Africa’s problem is not a shortage of savings. Across the continent, pension funds, insurers, sovereign wealth funds and banks already hold about $1 trillion in long-term capital and those pools are growing steadily.

Raccontata daarabnews.com