The summit brings together investors, financial institutions, and policymakers to explore ways to fund projects essential for Africa\u2019s growth and integration.<\/p>\n
<\/p>\n
Speaking to Channel Africa on Wednesday, Zipporah Maubane, AUDA-NEPAD\u2019s Head of Communications and Advocacy, highlighted the summit\u2019s focus on key sectors including energy, information, communication and technology, and water.<\/p>\n
<\/p>\n
\u201cWe have identified projects that will drive integration and interconnectivity across the continent, enabling goods, services, technology, and people, particularly young people, to move more freely,\u201d she said.<\/p>\n
<\/p>\n
The summit comes as Africa faces a $3 trillion investment deficit needed to realise the AU’s Agenda 2063 vision of world-class infrastructure, including roads, rail, air, power networks, and digital links. Maubane emphasised that previous summits have provided valuable feedback, and this year\u2019s event is focused on presenting innovative projects to potential investors.<\/p>\n
<\/p>\n
Addressing the persistent financing gap, Maubane noted that current funding models are not sufficient to match the pace of development required. She suggested that mainstream banks, including the African Development Bank and the Development Bank of Southern Africa, explore new financing models and partnerships with governments to accelerate infrastructure rollout.<\/p>\n
<\/p>\n
\u201cInfrastructure is costly, and some countries cannot meet the investment requirements on their own,\u201d she said.<\/p>\n
<\/p>\n
\u201cWe are prioritising projects that create economic activity across multiple countries. For example, a regional project connecting Zambia and Botswana has already generated ripple effects benefiting South Africa, Namibia, and Zimbabwe.\u201d<\/p>\n
<\/p>\n
The summit is expected to further dialogue on sustainable financing strategies and facilitate investment into high-impact projects that advance Africa\u2019s economic integration, competitiveness, and development.<\/p>\n
<\/p>\n
–ChannelAfrica–<\/p>\n","protected":false},"featured_media":14125,"template":"","meta":{"_acf_changed":false},"news-type":[44,26],"class_list":["post-14124","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","news-type-general_news","entry"],"acf":{"short_description":"The African Union (AU) Development Agency-NEPAD (AUDA-NEPAD), in partnership with the Government of Angola, is hosting the 3rd Luanda Financing Summit for Africa\u2019s Infrastructure Development to tackle the continent\u2019s significant infrastructure financing shortfall. ","published_date":null,"news_description":"The African Union (AU) Development Agency-NEPAD (AUDA-NEPAD), in partnership with the Government of Angola, is hosting the 3rd Luanda Financing Summit for Africa\u2019s Infrastructure Development to tackle the continent\u2019s significant infrastructure financing shortfall. ","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14124\/revisions"}],"predecessor-version":[{"id":18927,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14124\/revisions\/18927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14125"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14124"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}