Angola Aims to Secure USD 160 Billion for African Infrastructure Development


Luanda: Angola is setting its sights on raising up to 160 billion US dollars to fund infrastructure development across Africa at the Third Summit on Financing Infrastructure Development in Africa. Scheduled to take place from October 28 to 31 in Luanda, the summit aims to address the significant financing gap faced by various infrastructure projects on the continent.



According to Angola Press News Agency, the event is being co-organized by the African Union Commission (AUC) and the African Union Development Agency (AUDA-NEPAD). It will see participation from African leaders, international investors, financial institutions, and development partners. The summit’s theme, “Capital, Corridors, Trade: Investing in Infrastructure for the African Continental Free Trade Area (AfCFTA) and Shared Prosperity,” reflects its goal to foster strategic partnerships that will drive sustainable economic growth and regional integration in Africa.



Key discussions at the summit will revolve around investment in the African Single Energy Market, featuring a panel that includes African energy and finance ministers and sector investors. They will explore financing models and innovative solutions under the Continental Power Master Plan (CMP). Additionally, technical and political discussions will cover topics like “Financing Africa’s Digital Transformation,” “Accelerating Climate Finance and Sustainable Urban Mobility,” “Integrated and Cross-Border African Rail Network,” and “Modernizing African Civil Aviation Infrastructure.”



The summit will also host roundtable discussions and plenary sessions focusing on transport, energy, trade, and technological innovation. A special emphasis will be placed on the Lobito Corridor, regarded as a crucial axis for economic integration and investment attraction.



With over 2,000 participants, including representatives from the African Union, experts, business leaders, and government officials, the forum offers a unique platform for dialogue between the public and private sectors. The Third Summit on Financing Infrastructure Development in Africa serves as a strategic opportunity to transform ambition into actionable investments, significantly impacting African economies and shaping the continent’s future.