Multilateral Investment Guarantee Agency plans to more than double the value of guarantees it issues for projects in Africa to about $6.4 billion annually as the institution intensifies support for infrastructure, energy, and private sector investment across the continent. The announcement was made by MIGA officials during investment and development discussions, according to Reuters.
MIGA, a member of the World Bank Group, provides political risk insurance and credit enhancement guarantees designed to encourage private investment in developing economies. Officials said Africa has become a strategic priority as governments seek financing for power projects, transport infrastructure, digital connectivity, manufacturing, and climate-related investments.
The expanded guarantee programme is expected to help reduce investor concerns linked to political instability, currency risks, contract disputes, and regulatory uncertainty, which often limit large-scale foreign investment into African markets. Analysts say MIGA-backed guarantees can play a critical role in unlocking private capital for projects that might otherwise struggle to secure financing.
The move comes as African countries increasingly seek blended finance partnerships involving multilateral lenders, sovereign investors, and private institutions to bridge the continent’s massive infrastructure funding gap. Development experts note that stronger guarantee support could accelerate regional integration projects, renewable energy expansion, and industrial growth across Africa over the coming decade.
