Dangote, Ramaphosa Debate Why Africa Still Struggles To Fund Power Projects - Business
Aliko Dangote and Cyril Ramaphosa debate why Africa struggles to fund power projects despite available money, highlighting interest rates, currency risks and energy investment challenges. Aliko Dangote said money is available in African local markets but projects must be structured to attract funding. Cyril Ramaphosa argued that high interest rates and unstable currencies make power investments risky. Dangote said investors prefer using local currency first to reduce foreign exchange risks. Both leaders agreed that solving Africa’s power problems could boost jobs, businesses and government revenue. A conversation ensued between Africa’s richest man, Aliko Dangote, and South African President Cyril Ramaphosa over why power projects across Africa still struggle to attract enough funding, despite claims that money is available within local markets. The discussion happened during a panel session where both leaders spoke about financing infrastructure projects and the challenges facin...
