The Multilateral Investment Guarantee Agency (MIGA) is ramping up efforts to unlock private capital for Africa, with plans to more than double its annual guarantee issuance on the continent to $6.4 billion over the next three and a half years.
The move, reported by Reuters on Tuesday, is expected to catalyse as much as $23 billion in private sector investment across key sectors including energy infrastructure, food security, trade finance, digital connectivity and sovereign debt restructuring.
The expansion underscores a growing shift among development finance institutions toward deploying guarantees as a primary tool for de-risking investments in frontier markets and attracting private capital flows into economies often viewed as high-risk.
MIGA’s Managing Director, Tsutomu Yamamoto, said the scaled-up programme would play a critical role in mobilising investment, creating jobs and strengthening economic resilience across African countries.
He noted that the agency’s instruments—ranging from political risk insurance to credit enhancement, debt swaps and portfolio guarantees—are designed to reduce investor exposure and improve project bankability.
