Prosper Africa on promoting investments in the African continent

Prosper Africa, a U.S. Presidential initiative aimed at strengthening economic partnership between the U.S. and Africa, has committed $5 million to ImpactA Global to finance sustainable infrastructure projects in underserved regions on the continent. The Coordinator for Prosper Africa, British Robinson, shared insights on the initiative in an exclusive interview with CNBC Africa's Godfrey Mutizwa. Robinson highlighted that Prosper Africa serves as a U.S. government presidential and national security initiative to enhance trade and investment across the African continent. Through strategic partnerships with investors, the initiative aims to de-risk investments and promote economic growth in Africa. Robinson emphasized the importance of attracting new investors to Africa and showcasing the continent as a viable business destination. He mentioned the Concordia Annual Summit, where Prosper Africa announced two catalytic capital facility awards in collaboration with partners like Invesco and Impacta A Global. These awards are expected to mobilize over $800 million for resilient infrastructure and climate finance adaptation projects in Africa. One key theme of Prosper Africa's strategy is to engage with various stakeholders, including large institutional investors, African diaspora, family offices, pension funds, and high net worth individuals. By fostering partnerships and facilitating dialogue, Prosper Africa aims to dispel misconceptions about investing in Africa and highlight the continent's potential for growth and returns. Robinson underlined the market-driven approach adopted by Prosper Africa, focusing on sectors like fintech, ICT, and sustainable infrastructure. The initiative aims to support African entrepreneurs and startups by connecting them with venture capitalists and private equity firms. By catalyzing investments and promoting market-driven solutions, Prosper Africa seeks to deepen African markets and stimulate economic development. Furthermore, Robinson discussed the launch of the IBOX LSF Fund, an innovative product tracking African sovereign bonds to enhance liquidity in African markets. He expressed optimism about the fund's potential to attract a diverse range of investors and provide attractive returns on investment. Looking ahead, Prosper Africa is committed to identifying new initiatives and partnerships to further drive investments in Africa. By collaborating with a wide range of stakeholders and promoting entrepreneurship, the initiative aims to bridge the investment gap and facilitate sustainable economic growth on the continent. With a focus on expanding access to capital and promoting market-driven solutions, Prosper Africa is poised to play a pivotal role in advancing economic opportunities and fostering greater collaboration between the U.S. and Africa.