Financing Africa’s Future

The Missing Middle in Africa’s Capital Markets

Africa is not short of capital; it is often a question of how that capital is deployed.

In this episode of Financing Africa’s Future, Chinua Azubike, Chief Executive Officer of InfraCredit, reflects on the practical steps needed to channel domestic institutional capital into infrastructure and other productive sectors.

Drawing on InfraCredit’s experience, the conversation explores how credit guarantees and risk-sharing tools are helping to make infrastructure projects more accessible to pension funds and insurers, particularly in local currency. It also considers some of the structural constraints that continue to shape investment decisions, including risk perception and market design.

The episode offers a measured look at how capital markets can play a more consistent role in supporting long-term development across Africa.

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How capital markets are unlocking Zambia’s economic potential

Zambia is strengthening its capital markets to support sustainable growth, renewable energy and SME financing.

In this episode of Financing Africa’s Future, Philip Chitalu, CEO of the Securities and Exchange Commission of Zambia, discusses the country’s US$200 million green bond programme, the launch of a green finance taxonomy, and efforts to expand investor participation from 3% to 10% of the population.

A focused conversation on capital markets development, green finance and unlocking long-term investment for Zambia’s economy.

Mobilising Africa’s pension funds to catalyse growth

Africa’s pension funds are playing an increasingly strategic role in capital markets and long-term economic development. With South Africa’s retirement industry managing approximately US$376 billion in assets and APSA now representing 22 African countries, pension reform and supervision are firmly on the agenda.

In this episode of Financing Africa’s Future, Kaara Wainaina speaks with Zareena Camroodien, Chairperson of APSA and Head of Frontline Conduct Supervision at the FSCA South Africa, about pension regulation, risk-based supervision, ESG integration, infrastructure investment and expanding coverage to informal sector workers.

A focused discussion for professionals in pensions, asset management, sustainable finance and financial regulation.

Leveraging Africa’s Asset Management Industry for Faster Growth

Africa’s capital markets are evolving and asset managers are central to the next phase of growth.

In this episode of Financing Africa’s Future, Tapologo Motbushi, Chairman of the Pan-African Fund Managers Association (PAFMA) and Portfolio Manager at Allan Gray Botswana, joins Kaara Wainaina of FSD Africa to discuss the future of African asset management.

They explore domestic capital mobilisation, pension fund growth, cross-border investment, currency risk management, infrastructure financing and why ESG is now a fiduciary imperative.

A timely conversation for asset managers, pension trustees, policymakers and investors shaping Africa’s financial ecosystem.

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Leveraging Capital Markets for Zambia’s Sustainable Growth

Zambia’s capital markets are playing a growing role in driving economic development and sustainable finance.

In this episode of Financing Africa’s Future, we speak with Nonde Sichilima, Director of Market Supervision and Development at the Securities and Exchange Commission of Zambia, on building trusted capital markets, expanding MSME financing, and mainstreaming green finance.

The conversation covers market supervision, investor protection, green bonds, capital market innovation, and the role of regulation in unlocking long-term investment and financial inclusion.

🎧 Listen now for insights on capital markets development, sustainable finance and Africa’s economic future.

Maximising the Impact of Institutional Investors' Capital in Kenya

Explore the future of Kenya’s investment landscape in this episode of Financing Africa’s Future. We sit down with Fred Mburu, CEO of the Fund Managers Association (FMA) Kenya, to discuss how the fund management industry is shaping deeper, more resilient financial markets.

With over two decades of experience, Fred shares insights on strengthening regulatory frameworks, promoting professionalism, and expanding investor education. We also explore the challenges and opportunities in Kenya’s financial sector, including the role of domestic capital, the informal economy, and the growing potential of retirement savings, unit trusts, and other investment vehicles.

Kenya has over 40 licensed fund managers, with 21 currently in the FMA. While savings rates are improving, the country’s potential for financial inclusion and investment growth remains significant. Learn how FMA is driving transparency, integrity, and confidence in the market, while enabling long-term economic development.

Tune in for a thought-provoking conversation on investment, regulation, and building trust in Kenya’s financial sector.

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Scaling insurance to close the protection gap in Africa

Only one in ten African households has insurance, but innovation is rapidly changing that reality. In this episode of Financing Africa’s Future, we sit down with Elias Omondi, Principal for Innovation for Resilience at FSD Africa, to explore how new models are expanding coverage and strengthening financial resilience across the continent.

From microinsurance and parametric climate products to regulatory sandboxes, insurtech acceleration and the pioneering BimaLab programme, Elias unpacks the solutions bringing affordable, accessible protection to informal workers, smallholder farmers and low-income households.

This episode offers a sharp, compelling look at how insurance innovation, climate-risk finance and inclusive design are reshaping Africa’s risk-protection ecosystem.

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FSD Africa driving sustainable finance in Africa

How can finance accelerate Africa’s transition to a sustainable, climate-resilient future?

In this episode, Cecilia Bjerborn Murai, Principal for Sustainable & Green Finance at FSD Africa, unpacks how innovative tools like green bonds, blended finance and nature-based investments are helping mobilise capital for impact.

Discover how sustainable finance is driving inclusive growth, supporting climate adaptation and reshaping Africa’s investment landscape.

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