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Financing Africa’s future means fixing risk misperception
Risk misperceptions are driving up Africa’s borrowing costs, stalling projects, and raising citizens’ bills despite its strong record on loan repayments.
On March 17 this year, a Reuters alert caught my attention. Sarasin, an institutional investor representing more than 600 backers, had decided to sell its stake in Equinor, the Norwegian energy giant. The reason given was simple: frustration with the company’s slow transition to green energy.
I remember asking myself whether this was premature. Did the investors truly have all the information they needed to make such a weighty decision?
