Domestic Capital Africa campaign targets US$600bn pension funds for SME growth
Africa’s more than US$600 billion in pension assets could play a greater role in financing small and medium-sized enterprises (SMEs), infrastructure, and climate solutions if investors, regulators, and policymakers address the structural barriers limiting domestic investment.
The Domestic Capital Africa (DCA) campaign aims to utilize Africa's US$600 billion in pension assets to finance small and medium-sized enterprises (SMEs), infrastructure, and climate solutions. At an October 8, 2026, launch, stakeholders gathered to discuss ways to bridge the financing gap facing African businesses. With 92% of African enterprises being SMEs, employing 80% of the workforce and generating 70% of GDP, the campaign seeks to address the estimated US$331 billion gap in financing.
African pension funds hold over US$600 billion in assets, yet less than one percent is invested in alternative assets. The campaign calls for addressing structural barriers, developing investment vehicles, creating market infrastructure, and fostering collaboration among stakeholders to mobilize domestic capital and support African businesses.
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