African leaders announced the official launch of the African Infrastructure Financing Mechanism (AIFF), a new platform aimed at accelerating the financing and delivery of strategic infrastructure projects on the continent.
This mechanism, unveiled in Addis Ababa, was launched during the third High-Level Presidential Dialogue of the Alliance of African Multilateral Financial Institutions (AAMFI), held on the sidelines of the 39th African Union Summit.
The initiative is part of a cooperation agreement between AUDA-NEPAD and the AAMFI. It aims to establish a structured, Africa-led coordination system to facilitate the preparation and financing of prioritized cross-border infrastructure projects.
According to African officials, the objective is also to mobilize financial resources available on the continent to support industrialization, job creation and economic development.
President John Mahama noted that Africa has more than $2.5 trillion of domestic capital, insisting that the real challenge does not lie in
