As Africa works to mobilize over $2 trillion in domestic pension assets to help close the continent’s multi-hundred-billion-dollar infrastructure investment gap, the question is no longer whether the African investment opportunity exists, but who will seize it.
Despite improved fundamentals, African governments still pay an average 2.9 percentage-point premium in borrowing costs over equally rated peers, driven not by actual risk but by entrenched perception bias. At ARM-Harith — a leading Pan-African fund manager focused on infrastructure development — we see both the opportunity and the persistent pricing gap every day, and we have developed tools and platforms accordingly. Our experience shows that data helps challenge perception, but it is consistent delivery and clear structures that ultimately build investor confidence.