Africa: From Capital to Prosperity - Can Africa build the financial engine for its industrialisation?

Executive Summary Africa's industrialisation challenge is not primarily a shortage of ideas, policy intent, or entrepreneurial energy, but a constraint in financial architecture and capital deployment. The continent's ability to build factories, infrastructure, and value-added industries is limited by the cost, structure, and accessibility of long-term finance. Until capital markets are deepened and better aligned with industrial timelines, Africa's development ambitions will remain difficult to realise at scale. In this sense, industrialisation is fundamentally a financial systems problem before it is anything else. Can Africa finally finance its industrialisation? For decades, Africa's development agenda has been defined by a consistent set of ambitions: industrialisation, manufacturing,