{"id":116668,"date":"2026-04-25T21:20:07","date_gmt":"2026-04-25T19:20:07","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap"},"modified":"2026-04-25T23:24:43","modified_gmt":"2026-04-25T21:24:43","slug":"afdb-backs-new-architecture-to-tackle-africas-financing-gap","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap","title":{"rendered":"AfDB backs new architecture to tackle Africa\u2019s financing gap"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The African Development Bank (AfDB) has backed a new financial architecture aimed at leveraging the balance sheets of African development finance institutions (DFIs) to mobilise resources needed to close the continent\u2019s financing gap and accelerate structural transformation.<\/p>\n

At the centre of the initiative is the New Architecture for Africa\u2019s Development (NAFAD), which seeks to improve coordination among DFIs, pension funds, banks, and insurance companies to pool resources and maximise the impact of available capital.<\/p>\n

AfDB president Sidi Ould Tah has been championing this collaborative approach as a way to bridge Africa\u2019s financing deficit.<\/p>\n

Speaking at a pre-2026 AfDB Annual Meetings briefing, the bank\u2019s chief economist and vice-president for Economic Governance and Knowledge Management, Kevin Urama, said NAFAD is anchored on the principle that collective action delivers greater long-term impact.<\/p>\n

\u201cThere is an adage which says, \u2018If you want to go fast, go alone; if you want to go far, go together\u2019,\u201d he told journalists. So, at the African Development Bank, under the president Ould Tah’s leadership, we want to go far.\u201d<\/p>\n

Urama said the initiative would help close Africa\u2019s financing gaps by enabling DFIs to leverage their combined balance sheets, ensuring greater value from every dollar invested on the continent.<\/p>\n

He emphasised that the approach is centred on risk mitigation and risk sharing.<\/p>\n

\u201cThis will ensure that resources mobilised through these development financing architectures go further by optimising the balance sheets of participating countries and institutions,\u201d Urama said.<\/p>\n

He added that African governments also have a critical role to play through stronger domestic resource mobilisation, improved macroeconomic management and governance reforms. Urama said these measures would reduce risk perceptions and help attract additional investment.<\/p>\n

\u201cI am more confident than ever that the AfDB and African DFIs, working with global partners, will be able to go far in addressing Africa\u2019s financing needs,\u201d he said.<\/p>\n

Urama noted that Africa requires about US$1,3 trillion to achieve the Sustainable Development Goals, US$221 billion annually to close its infrastructure gap, and US$402,2 billion annually to support structural transformation.<\/p>\n

\u201cThese numbers are mind-boggling,\u201d he said.<\/p>\n

Urama also highlighted a paradox: Africa has vast financing needs that coexist with significant untapped domestic capital, estimated at US$4 trillion.<\/p>\n

This capital could be mobilised through better policy implementation, reduced resource leakages and stronger governance.<\/p>\n

He warned that the challenge is being compounded by rising geopolitical fragmentation, which is reshaping global financial flows as major economies redirect resources towards domestic priorities.<\/p>\n

This comes amid declining official development assistance, further affected by the United States\u2019 \u201cAmerica First\u201d policy, which has encouraged donor countries to adopt more inward-looking approaches.<\/p>\n

For More News And Analysis About Zimbabwe<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The African Development Bank (AfDB) has backed a new financial architecture aimed at leveraging the balance sheets of African development finance institutions (DFIs) to mobilise resources needed to close the continent\u2019s financing gap and accelerate structural transformation. At the centre of the initiative is the New Architecture for Africa\u2019s Development (NAFAD), which […]<\/p>\n","protected":false},"author":84,"featured_media":116667,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[19],"class_list":["post-116668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-zimbabwe"],"yoast_head":"\nAfDB backs new architecture to tackle Africa\u2019s financing gap - zimbabwe<\/title>\n<meta name=\"description\" content=\"The African Development Bank (AfDB) has backed a new financial architecture aimed at leveraging the balance sheets of Af ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB backs new architecture to tackle Africa\u2019s financing gap\" \/>\n<meta property=\"og:description\" content=\"The African Development Bank (AfDB) has backed a new financial architecture aimed at leveraging the balance sheets of Af ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-25T19:20:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-25T21:24:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1777152264.695504.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AfDB backs new architecture to tackle Africa\u2019s financing gap\",\"datePublished\":\"2026-04-25T19:20:07+00:00\",\"dateModified\":\"2026-04-25T21:24:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap\"},\"wordCount\":456,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1777152264.695504.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/afdb-backs-new-architecture-to-tackle-africas-financing-gap\",\"name\":\"AfDB backs new architecture to tackle Africa\u2019s financing gap - 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