Where Is the Money?: A Practical Guide to Raising Capital in Africa

Across Africa, more than a trillion US dollars sits in banks, pension funds, insurance companies, DFIs, and private investors, actively looking for bankable projects. Yet many entrepreneurs, CEOs, and policymakers still say, “There is no money.” The problem is usually not the absence of capital – it is the mismatch between: The kind of capital a project needs, and the way that project is prepared, structured, and presented. This article lays out the main sources of capital available to three groups: Small businesses and startups, Established corporates, Governments and state-owned enterprises