A new report from S&P Global reveals that Africa’s immense economic potential is being stifled by a trio of major challenges. Despite being poised to play a crucial role in the global energy transition, the continent is held back by significant infrastructure gaps, climate change pressures, and mounting debt concerns. S&P emphasizes that unlocking this latent power requires a significant increase in green financing, alongside stronger local capital markets and enhanced regional integration. The analysis notes that productivity has notably slowed in key economies like Nigeria and South Africa, where infrastructure has failed to keep pace with population growth. While nations rich in critical minerals are well-positioned for a productivity boost, others must pursue governmental reforms to attract vital investment.
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