Coronation Capital Urges African-led Funding to Drive Sustainable Growth
Samuel Mobolaji
Coronation Capital Limited has called on African institutions and investors to take the lead in financing projects across the continent to reduce reliance on unsustainable developmental funding and promote long-term progress.
Speaking with the News Agency of Nigeria in Lagos, the company’s managing partner, Mr Kayode Akindele, stressed that African priorities must be funded by African entities if the continent is to chart its growth agenda. He noted that dependence on external financial sources hampers economic independence and limits the continent’s ability to meet its unique challenges.
“There has been an overdependence on developmental money; that isn’t sustainable,” Akindele said. “If Africa must set the agenda and ensure long-term progress, African entities need to fund African priorities. Family offices, in particular, must become strategic allocators, not just silent participants.”
To deepen discourse around African-led funding, Coronation Capital and Trium, both subsidiaries of Coronation Group Ltd., jointly sponsored the 2025 African Private Capital Association (AVCA) Conference in Lagos.
The event, themed “Bold Moves: Powering 10x in Africa,” brought together over 1,000 delegates from more than 50 countries and explored themes such as the role of family offices, climate-smart investing, infrastructure financing, and strategies for enhancing institutional investment across Africa.
Akindele said the sponsorship reaffirmed Coronation’s commitment to Africa’s economic transformation through smart capital deployment, innovation, and multi-generational financial strategies.
Also speaking, Trium’s Chief Executive Officer, Mr Adebayo Adewolu, underscored the need for investment models that are tailored to the continent’s unique environment. “Africa needs capital that understands its rhythm; it must be patient, strategic, and committed,” he said.
“The just concluded AVCA created a space where investment vision meets local insight.”
Coronation’s message reinforces a growing call for self-driven development on the continent, where local stakeholders play leading roles in funding and shaping Africa’s economic future.
About The Author
