Welcome to the fourth episode of Increasing Risk Tolerance to Drive Impact, a podcast series from the Emerging Africa and Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group company managed by Ninety One. This series explores ways to deliver transformative infrastructure in underserved geographies across Africa and Asia.
In this episode, Bilal Latib, legal director for Emerging Markets Alternative Credit at Ninety One, unpacks the forces shaping infrastructure investment, focusing on the gap between actual and perceived risk known as the 'prejudice premium'. He discusses innovative strategies to navigate and actively improve regulatory environments, break self-reinforcing cycles, and support long-term impact and sustainable development. We also observed how regulatory improvements and institutional flexibility create innovation, improve service delivery, and expand connectivity in the African context.
Given Africa’s low infrastructure debt default rate of just 1.9%, the exaggerated perception of risk creates a barrier that costs the continent US$75 billion in excess financing costs each year. Addressing these policy and regulatory challenges can mobilise private capital, establish bankable frameworks, and build essential infrastructure while aligning with development priorities in areas in need of vital infrastructure.
Our guest shares key insights and lessons from successful infrastructure projects across the continent, including the Azura Edo power project in Nigeria, the Kigali Bulk Water project in Rwanda, and the CEC Renewables initiative in Zambia.
This episode is essential listening for policymakers, investors, and development practitioners seeking to understand how to unlock potential in some of the world’s fastest-growing, yet underserved, markets.
Our guest is: Bilal Latib, Director, Legal, Emerging Markets Alternative Credit, Ninety One
Your host is Lindsay Walker, business broadcaster.
To find out more about how EAAIF is driving transformative infrastructure development, visit our website.
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