非洲基础设施状况报告2026：我们建设的非洲——从资本到系统，部署基础设施以实现工业化、一体化与韧性

2026 The Africa We Build: From Capital to SystemsDeploying Infrastructure for Industrialisation, Integration, and Resilience Table of Contents Introduction andExecutiveOverview1 Transport and Logistics34 12 Foreword:Samaila Zubairu, President &CEO,AfricaFinance Corporation1 From Mobilisation to Deployment – Anchoring Africa’sDevelopment in African Capital Building Trade Corridors as the Backbone ofIntra-African Trade and Resilience Foreword:H.E. Ms. Lerato D. Mataboge,Commissioner for Infrastructureand Energy (I&E), African Union3Executive Summary5List of charts and tables9Acknowledgements & Disclaimers11 External Financing Is Becoming StructurallyLessReliable14From Sovereign Concentration to ProductiveAllocation16Unlocking Africa’s Domestic Capital Pools:theRoleof Policy21Strengthening Africa’s Intermediation Architecture26Expanding the Capital Base30 Africa’s Transport Infrastructure Is AdvancingontheGround, but Air Connectivity Holds theKeytoFaster Integration36 Trade Corridors Only Deliver Value WhenDesignedandOperated as Integrated Ecosystems42Logistics, Storage, and Supply Chains AreEmergingas Strategic Infrastructure in an EraofRecurrent External Shocks45 Industry andValue Addition Digital Infrastructure86 Energy Industrialising for Resilience: Building Competitiveand Integrated Supply-Chains Building Digital Ecosystems that Power Africa’sEconomic Transformation in Africa Rewiring for Growth: Building Efficient Power Systemsfor Africa’s Economic Realities Africa’s Energy Dependencies: Low QualitySupply,Fuel Import Dependence, and Lack of Scale 50The System Design Problem: Legacy Grids in aModern Economy54Improving System Efficiency Can UnlockSignificantCapacity Even Before NewGeneration 59 Moving from Connectivity to Productivity88Africa’s Digital Infrastructure is Expanding,buttheGains Remain Uneven90Building the Missing Middle is the Key toUnlockingAfrica’s Digital Value Creation93Building the Innovation Layer: Where EconomicReturns and Jobs Materialise96 The Mounting Cost of Africa’s Lack of IndustrialTransformation68African Industrialisation Takes Roots WhereDemand,Resource, Infrastructure, andPolicy Align73Refining and Fertilisers Industries Are GainingTractionbut Require Scale and Diversification77Metals Value Chains Are Stalling as EnergyConstraints and Fragmented SystemsLimit Scale81 Statistical Annex98 Foreword by the President & CEO,Africa Finance Corporation Financial systems across much of the continent continue tofavour short–duration, low–risk assets, particularly sovereigninstruments. As a result, long–term savings circulate withinfinancial markets but do not sufficiently translate intoproductive investment. Capital is present – but it is notbeing deployed in ways that transform economies. Capital is accumulating across Africa, but it is notcreating jobs at scale. That is the disconnect we must fix. Across the continent, domestic financial resourceshave expanded significantly – within banks, pensionfunds, insurance pools, and sovereign institutions – nowexceeding US$4 trillion. Yet this growing capital basehas not translated into the level of industrialisation,infrastructure, or employment required to supportsustained economic transformation. At the same time, the external financing environmenthas become less reliable. Concessional resources areconstrained, access to international capital markets isincreasingly episodic, and bilateral lending has slowed.These dynamics underscore a structural reality: Africamust increasingly rely on its own capital base, withexternal capital playing a complementary role. The consequences are structural. Africa continuesto export raw materials and import finished goods –exporting jobs embedded in value chains while importinginflation embedded in products. At the same time, arapidly expanding working–age population is entering thelabour market each year, with expectations that currenteconomic structures are not yet equipped to meet. Within this context, the structure of investment becomesdecisive. Infrastructure must be approached not as a series ofdiscrete projects, but as integrated systems that linkenergy, transport, and industry to markets. The evidencefrom Africa’s major transport corridors is clear. Acrossroutes such as Abidjan–Lagos, Dakar–Bamako, and theNorth–South Corridor, the constraint is not the absenceof infrastructure assets, but the fragmentation betweenthem. Ports, railways, and roads exist, yet inefficienciesin connectivity, border processes, and corridorgovernance prevent these assets from functioning asseamless supply chains. Africa is not resource–constrained. It is value–captureconstrained. This is not due to an absence of capital or resources.Itisafailure of alignment. Addressing this requires a deliberate shiftfrom extraction totransformation. It requires aligning three critical elements:resources, infrastructure, and markets. When theseelements are connected, infrastructure becomes thefoundation of